Charles A. Boyd and Darby A. Harvey - Page 31

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          Johnson v. Commissioner, 115 T.C. 210 (2000), in support of their           
          argument that they may use actual substantiation in addition to             
          deemed substantiation, is misplaced.  We reiterate that Johnson             
          deals with section 4.03 of the revenue procedures, which is not             
          at issue in this case.                                                      
               In reaching all of our holdings herein, we have considered             
          all arguments made by the parties, and to the extent not                    
          mentioned above, we find them to be irrelevant or without merit.            
               To reflect respondent’s mathematical error in the statutory            
          notice of deficiency with respect to the adjustments made to                
          Continental for 1996,                                                       


                                             Decisions will be entered                
                                        under Rule 155.                               























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