Case Name: THEODORE H. DAVIES & CO., LTD. & Subsidiaries, Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Appellee
Court: United States Court of Appeals for the Ninth Circuit
Jurisdiction: United States
Decision Date: 1982-06-11
Citations: 678 F.2d 1367
Docket Number: No. 81-7583
Parties: THEODORE H. DAVIES & CO., LTD. & Subsidiaries, Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Appellee.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 678
Pages: 1367–1367

Head Matter:
THEODORE H. DAVIES & CO., LTD. & Subsidiaries, Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Appellee.
No. 81-7583.
United States Court of Appeals, Ninth Circuit.
Argued and Submitted May 10, 1982.
Decided June 11, 1982.
John E. McDermott, New York City, for appellants.
Jonathan S. Cohen, Washington, D. C., for appellee.
Before KENNEDY, ALARCON, and NELSON, Circuit Judges.

Opinion:
PER CURIAM:
The Tax Court succinctly and correctly analyzed and decided the issue below. Theo. H. Davies & Co. v. C. I. R., 75 T.C. 443 (1980). We adopt the opinion of that court.
AFFIRMED.