P. DOUGHERTY CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 5484.

159 F.2d 269 (1946)

P. DOUGHERTY CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Fourth Circuit.

December 23, 1946.


Attorney(s) appearing for the Case

Theodore B. Benson, of Washington, D. C., for petitioner.

L. W. Post, Sp. Asst. to Atty. Gen. (Douglas W. McGregor, Asst. Atty. Gen., and Sewall Key and J. Louis Monarch, Sp. Assts. to Atty. Gen., on brief), for respondent.

Before PARKER, SOPER, and DOBIE, Circuit Judges.


SOPER, Circuit Judge.

The P. Dougherty Company, the taxpayer in this case, seeks a review of a decision and order of the Tax Court of the United States whereby deficiencies in income and excess profits taxes for the fiscal year ended February 28, 1943, were determined and a penalty of 25 per cent for failure to file a return of excess profits for that year was imposed. The deficiencies resulted from the rejection of certain allowances for depreciation and certain...

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