MARKSON BROS. v. COMMISSIONER

Docket Nos. 11942, 14302.

15 T.C. 839 (1950)

MARKSON BROS., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated December 12, 1950.


Attorney(s) appearing for the Case

Myron S. Winer, Esq., and Helmer M. Raphael, Esq., for the petitioner.

Paul P. Lipton, Esq., for the respondent.


OPINION.

DISNEY, Judge:

These cases, duly consolidated, involve excess profits taxes for the calendar years 1940 to 1943, inclusive. Deficiencies were determined for those years in the respective amounts of $16,211.70, $51,464.83, and $32,494.54. The year 1942 is involved because of petitioner's claim to an increased excess profits credit carry-back. The parties are agreed that the year 1940 is not longer in issue. Two questions are presented: (1...

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