T.C. Memo. 1996-429 UNITED STATES TAX COURT ARUN AND ASMITA BHATIA, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 21830-94. Filed September 24, 1996. Barry L. Gardiner, for petitioners. Paul N. Schneiderman, for respondent. MEMORANDUM OPINION TANNENWALD, Judge: Respondent determined a deficiency in petitioners' 1987 Federal income tax in the amount of $138,290 plus an addition to tax of $34,573 under section 6661.1 1 All section references are to the Internal Revenue Code in effect for the year in issue, and all Rule references are to the Tax Court Rules of Practice and Procedure.Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
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