74-2501 | 9th Cir. | Dec 21, 1976
545 F.2d 1259" date_filed="1976-12-21" court="9th Cir." case_name="Newton Insert Company, Transferor, and Tridair Industries, Transferee v. Commissioner of Internal Revenue">545 F.2d 1259
77-1 USTC P 9132
NEWTON INSERT COMPANY, Transferor, and Tridair Industries,
Transferee, Petitioners-Appellants,
v.
COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.
No. 74-2501.
United States Court of Appeals,
Ninth Circuit.
Dec. 21, 1976.
Thomas R. Sheppard (argued), of Sheppard, Mullin, Richter & Hampton, Los Angeles, Cal., for petitioners-appellants.
Donald H. Olson, Atty. (argued), Tax Division, U. S. Dept. of Justice, Washington, D. C., for respondent-appellee.
Before DUNIWAY, CARTER and ANDERSON, Circuit Judges.
PER CURIAM:
This is an appeal from a decision of the Tax Court, reported at 61 T.C. 570" date_filed="1974-01-30" court="Tax Ct." case_name="Newton Insert Co. v. Commissioner">61 T.C. 570 (1974). For the reasons stated by the Tax Court in its opinion, we affirm.
Affirmed.