Theodore H. Davies & Co., Ltd. & Subsidiaries, Appellants, v. Commissioner of Internal Revenue, Appellee, 678 F.2d 1367 (9th Cir. 1982)Annotate this Case
Review of Decision of the United States Tax Court.
John E. McDermott, New York City, for appellants.
Jonathan S. Cohen, Washington, D. C., for appellee.
Before KENNEDY, ALARCON, and NELSON, Circuit Judges.
The Tax Court succinctly and correctly analyzed and decided the issue below. Theo. H. Davies & Co. v. C. I. R., 75 T.C. 443 (1980). We adopt the opinion of that court.