518 F2d 554 Liberty Machine Works Inc v. Commissioner of Internal Revenue
518 F.2d 554
75-2 USTC P 9613
LIBERTY MACHINE WORKS, INC., Appellant,
COMMISSIONER OF INTERNAL REVENUE, Appellee.
United States Court of Appeals,
Submitted April 17, 1975.
Decided July 24, 1975.
Appeal from the United States Tax Court. Hon. William Goffe, Judge.
Urban C. Bergbauer, St. Louis, for appellant.
George G. Wolf, Atty., Tax Div., U. S. Dept. of Justice, Washington, D. C., for appellee.
Before JONES,* Senior Circuit Judge, HEANEY and BRIGHT, Circuit Judges.
Liberty Machine Works, Inc. seeks review of an adverse decision of the Tax Court in which tax deductions were denied with respect to a profit-sharing plan for its salaried and clerical employees. The facts which presented the issue and the reason for the determination by the Tax Court are set forth in its opinion. 62 T.C. 621. The decision of the Tax Court is correct and its judgment is
The Honorable Warren L. Jones, United States Court of Appeals for the Fifth Circuit, sitting by designation