T.C. Memo. 1996-337
UNITED STATES TAX COURT
PARKER-HANNIFIN CORPORATION, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 22121-93. Filed July 24, 1996.
William R. Stewart, Kent L. Mann, Karen E. Rubin, Stephen F.
Gladstone, and Dena M. Kobasic, for petitioner.
Elsie Hall, Randall P. Andreozzi, and Katherine L.
Wambsgans, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
COHEN, Chief Judge: Respondent determined a deficiency of
$15,007,108 in petitioner’s 1987 Federal income tax. Unless
otherwise indicated, all section references are to the Internal
Revenue Code in effect for the year in issue, and all Rule
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