HUB CITY FOODS, INC. v. COMMISSIONER

Docket No. 6414-86.

90 T.C. 297 (1988)

HUB CITY FOODS, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court

Filed February 18, 1988.


Attorney(s) appearing for the Case

Peter J. Lettenberger, Michael J. Conlan, and Dana L. O'Brien, for the petitioner.

Edward J. Roepsch, for the respondent.


OPINION

STERRETT, Chief Judge:*

By notice of deficiency dated December 18, 1985, respondent determined deficiencies in petitioner's Federal income taxes for the calendar years 1976 and 1977 in the amounts of $33,074 and $65,944, respectively. The deficiencies result from respondent's disallowance of an investment credit that petitioner claimed in 1979 and carried back to 1976 and 1977. Due to concessions by petitioner...

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