This case involves relief under section 722 of the Internal Revenue Code, as amended, from excess profits tax. Petitioner filed an application for relief for each of the calendar years 1941, 1942, and 1943, relying exclusively upon section 722 (b) (2). Each application requested an increase in the excess profits credit through the determination of a constructive average base period net income.
Petitioner paid excess profits tax in the amounts of $693.34 for 1941,...
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