Metro Leasing and Development Corporation, East Bay Chevrolet Company, a Corporation - Page 33

                                                - 33 -                                                  
                  I conclude that section 1.535-2(a)(1), Income Tax Regs.,                              
            validly interprets section 535(b)(1):  The test of a section                                
            535(b)(1) tax accrual is the all events test.                                               
                  SWIFT, WHALEN, and MARVEL, JJ., agree with this concurring                            
            opinion.                                                                                    

Page:  Previous  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30  31  32  33