United States Tax Court July 23, 1985, Docket No. 12627-79. (Figgie International, Inc. v. Commissioner)

FIGGIE INTERNATIONAL, INC. (SUCCESSOR BY MERGER TO MID-CONTINENT MANUFACTURING CO., INC. AND SUBSIDIARIES), Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Figgie International, Inc. v. Commissioner Docket No. 12627-79. United States Tax Court T.C. Memo 1985-369; 1985 Tax Ct. Memo LEXIS 265; 50 T.C.M. (CCH) 509; T.C.M. (RIA) 85369; July 23, 1985. Andre M. Saltoun,Neal J.