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VETCO, INC. v. COMMISSIONER

Docket No. 45506-86.

95 T.C. 579 (1990)

VETCO, INC. AND SUBSIDIARIES, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed November 28, 1990.

Attorney(s) appearing for the Case

John W. Armagost and Paul L. Freese, for the petitioner.

John O. Kent and Kim A. Palmerino, for the respondent.

WRIGHT, Judge:

By notice of deficiency dated October 2, 1986, respondent determined the following deficiencies in and addition to petitioner's Federal income tax:

                    Addition to tax          
      TYE       Deficiency     Sec. 6653(a)1

     4/30/74      $289,885        $14,494
     4/30/75     8,664,734          ---

Respondent also...

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