Theodore H. Davies & Co., Ltd. v. C. I. R.

Decision Date11 June 1982
Docket NumberNo. 81-7583,81-7583
Parties82-2 USTC P 9441 THEODORE H. DAVIES & CO., LTD. & Subsidiaries, Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Appellee.
CourtU.S. Court of Appeals — Ninth Circuit

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.

PER CURIAM:

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.

AFFIRMED.

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