RANSOHOFFS INC. v. COMMISSIONER

Docket No. 8930.

9 T.C. 376 (1947)

RANSOHOFFS INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated September 19, 1947.


Attorney(s) appearing for the Case

Lawrence Livingston, Esq., and H. W. S. Leeker, Esq., for the petitioner.

R. E. Maiden, Jr., Esq., for the respondent.


The respondent determined a deficiency of $5,341.68 in the petitioner's excess profits tax liability for its taxable year ended July 31, 1942.

The single issue is whether or not the petitioner is entitled to compute its excess profits tax credit by the use of the income method, pursuant to the provisions of Supplement A of subchapter E, chapter 2, of the Internal Revenue Code.

FINDINGS OF FACT.

Certain facts...

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