1. Home
  2. Browse Decisions
  3. T.C.
  4. 6 T.C.
  5. 6 T.C. 519 (1946)
 

W. B. KNIGHT MACHINERY CO. v. COMMISSIONER

Docket No. 4834.

6 T.C. 519 (1946)

W. B. KNIGHT MACHINERY COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated March 19, 1946.

Attorney(s) appearing for the Case

Stanley S. Waite, Esq., for the petitioner.

Roy C. Hormberg, Esq., for the respondent.

The respondent determined a deficiency of $3,161.01 in the excess profits tax of the petitioner for the year 1940.

The sole issue is whether or not the petitioner is entitled to the deduction of abnormal net income earned in the taxable year and attributable to the prior years of 1936 to 1939, inclusive, pursuant to the provisions of section 721, Internal Revenue Code.

FINDINGS OF FACT.

Certain facts were...

NEVER MISS A DECISION. START YOUR SUBSCRIPTION.

Uncompromising quality. Enduring impact.
Your support ensures a bright future for independent legal reporting.

As you are aware we have offered this as a free subscription over the past years and we have now made it a paid service.Look forward to your continued patronage.

GET STARTED
OR

Read it with your Leagle account.
Sign in to continue


Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases