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WEBB EXPORT CORP. v. COMMISSIONER

Docket No. 5406-85.

91 T.C. 131 (1988)

WEBB EXPORT CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed July 26, 1988.

Attorney(s) appearing for the Case

Aydin S. Caginalp and Gregory F. Hauser, for the petitioner.

Cynthia J. Mattson and Charles A. Ray, for the respondent.

SCOTT, Judge:

Respondent determined deficiencies in petitioner's income tax for the years and in the amounts as follows:


  Year                                             Deficiency

  1977 ..........................................  $337,324
  1978 ..........................................   606,693
  1979 ..........................................   588,884

Some of the...

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