REPUBLIC COTTON MILLS v. COMMISSIONER

Docket No. 302 P. T.

2 T.C.M. 753 (1943)

Republic Cotton Mills v. Commissioner.

United States Tax Court.

Entered September 8, 1943.


Attorney(s) appearing for the Case

John W. Townsend, Esq., and J. Craig Peacock, Esq., for the petitioner. Raymond F. Brown, Esq., and Oliver L. Bright, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

This proceeding involves a claim for refund of taxes paid by the petitioner on the first domestic processing of cotton in the amount of $435,340.73. The claim was disallowed in its entirety by the respondent and the petitioner brought this proceeding by filing a petition with the United States Processing Tax Board of Review.

By Section 510 of the Revenue Act of 1942 the Board of Review established under Section 906...

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