Newton Insert Company, Transferor, and Tridair Industries, Transferee v. Commissioner of Internal Revenue

545 F.2d 1259 77-1 USTC P 9132 NEWTON INSERT COMPANY, Transferor, and Tridair Industries, Transferee, Petitioners-Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee. No. 74-2501. United States Court of Appeals, Ninth Circuit. Dec. 21, 1976. Thomas R. Sheppard (argued), of Sheppard, Mullin, Richter & Hampton, Los Angeles, Cal., for petitioners-appellants. Donald H. Olson, Atty. (argued), Tax Division, U. S. Dept. of Justice, Washington, D. C., for respondent-appellee. Before DUNIWAY, CARTER and ANDERSON, Circuit Judges. PER CURIAM: 1 This is an appeal from a decision of the Tax Court, reported at 61 T.C. 570 (1974). For the reasons stated by the Tax Court in its opinion, we affirm. 2 Affirmed.