INDUSTRIAL LOAN SOCIETY, INC., (MD.), PETITIONER,
v.
COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
United States Tax Court.https://leagle.com/images/logo.png
Promulgated March 27, 1950.
Promulgated March 27, 1950.
Attorney(s) appearing for the Case
Archie M. Dawson, Esq., and Paul Smith, Esq., for the petitioner.
Francis X. Gallagher, Esq., for the respondent.
United States Tax Court.
These consolidated proceedings involve the correctness of the determinations of respondent which disallowed petitioner's applications for excess profits tax relief for 1941, 1942, and 1943, filed under section 722 of the Internal Revenue Code.
The deficiencies determined in excess profits tax liability were as follows:
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