H Group Holding, Inc. and Subsidiaries - Page 2




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                       MEMORANDUM FINDINGS OF FACT AND OPINION                         
               GERBER, Judge:2  Respondent determined deficiencies in, and             
          additions to, Federal income tax and penalties as follows:                   
          H Group Holding Inc. and Subsidiaries                                        
                    Taxable year                                                       
                    ending              Deficiency                                     
                    Jan. 31, 1980       $7,681,409                                     
                    Jan. 31, 1981       5,658,067                                      
                    Jan. 31, 1982       6,677,731                                      
                    Jan. 31, 1983       40,311                                         
                    Jan. 31, 1984       6,768,120                                      
                    Jan. 31, 1985       799,024                                        
                    Jan. 31, 1986       19,397,355                                     
                    Jan. 31, 1987       9,153,141                                      
                    Jan. 31, 1988       13,176,113                                     


















               2  These consolidated cases were reassigned to Judge Joel               
          Gerber by a Feb. 25, 1999, order, following the death of Judge               
          Theodore Tannenwald, Jr.  The parties agreed that the issues                 
          tried to the Court in the trials conducted by Judge Tannenwald               
          could be reassigned to another Judge without the need for a                  
          retrial or the presentation of additional evidence.                          




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