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ALONDRA INDUSTRIES, LTD. v. COMMISSIONER

Docket Nos. 10849-91, 10851-91, 24777-92.

71 T.C.M. 1916 (1996)

T.C. Memo. 1996-32

Alondra Industries, Limited, d/b/a Accent Insulation Company and Subsidiaries, et al. v. Commissioner.

United States Tax Court.

Filed January 29, 1996.

Attorney(s) appearing for the Case

Mark D. Pastor and Larry S. Dushkes, for the petitioners. Ursula P. Gee, William A. McCarthy and Linette B. Angelastro, for the respondent.

MEMORANDUM FINDINGS OF FACT AND OPINION

BEGHE, Judge:

By statutory notices dated March 8, 1991, respondent determined deficiencies in and additions to the Federal corporation income tax of petitioner Alondra Industries, Limited, d.b.a. Accent Insulation Company (Alondra), for its fiscal year ended June 30, 1987 (Alondra's fiscal 1987), and of petitioner Edco Leasing Corporation (Edco) for its fiscal year ended September 30, 1987 (Edco's fiscal 1987). By...

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