United States Tax Court September 24, 1974, Docket Nos. 2647-71, 2648-71, 2649-71, 2650-71, 2651-71, 2652-71 (Daron Industries, Inc. v. Commissioner)

lead-opinion

OPINION

Naum, Judge:

The Commissioner determined income tax deficiencies against petitioners as follows:

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In or around June or July of 1964 petitioner Daron Industries, Inc. (Daron), organized a number of subsidiary corporations which joined with it in. filing a consolidated, corporation income tax return for the calendar year 1904.