NAT. SCREW AND MANUFACTURING CO. v. COMMISSIONER

Docket No. 33291.

32 T.C. 490 (1959)

THE NATIONAL SCREW AND MANUFACTURING COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed May 29, 1959.


Attorney(s) appearing for the Case

M. E. Newcomer, Esq., H. V. E. Mitchell, Esq., and A. W. Geater, C.P.A., for the petitioner.

William O. Allen, Esq., for the respondent.


FORRESTER, Judge:

By this proceeding petitioner challenges the Commissioner's disallowance of its claims under section 722, I.R.C. 1939, for relief from excess profits tax liabilities in the following amounts for the respective fiscal periods:

          Period                                   Amount

Calendar year 1940 ------------------------       $17,910.27
Jan. 1, 1941-Nov. 30, 1941...

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