United States Tax Court February 27, 1997, 2931-94 (Trinova Corporation and Subsidiaries v. Commissioner)

108 T.C. No.6

UNITED STATES TAX COURT

TRINOVA CORPORATION AND SUBSIDIARIES, Petitioner v.

COMMISSIONER OF INTERNAL REVENUE, Respondent

Docket No. 2931-94. Filed February 27, 1997.

P, a corporation, filed a consolidated tax return

with its affiliated companies. P operated a division

with assets that included certain section 38 assets

upon which investment tax credits (ITC) had been

claimed.