Memorandum Opinion
MURDOCK, Judge:
The Commissioner determined a deficiency of $9,867.97 in excess profits tax for 1944 and a deficiency of $177.20 in income tax for 1945. The only issue requiring decision is whether or not the Commissioner erred in excluding from equity invested capital uncollected and untaxed profits on installment sales made in prior years where the taxpayer computed its taxable net income for income tax purposes on the installment sales...
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.
