Payless Cashways, Inc. and Its Subsidiaries - Page 19




                                       - 19 -                                         
               Payless failed to prove that it had a specific written plan            
          or that it “incurred or committed” more than one-half of the cost           
          of the “equipped building”.  For the reasons stated above, we               
          find that Payless does not satisfy the requirements of either TRA           
          section 203(b)(1)(C) or TRA section 204(a)(7) and is not entitled           
          to the investment credit claimed on its 1986 return.                        


                                                  Decision will be entered            
                                             under Rule 155.                          
























               11(...continued)                                                       
          estimated costs).                                                           






Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  

Last modified: May 25, 2011