Memorandum Findings of Fact and Opinion
TURNER, Judge:
The respondent determined a deficiency in income tax against the petitioner for 1941 in the amount of $17,636.91. In reporting its 1941 income, the petitioner took its inventory on the elective or last-in, first-out method, as provided in section 22(d) of the Internal Revenue Code, and the correctness of that action presents
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.