THE WADLEY CO. v. COMMISSIONER

Docket No. 26830.

17 T.C. 269 (1951)

THE WADLEY COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated September 14, 1951.


Attorney(s) appearing for the Case

Patrick J. Smith, Esq., Russell J. Ryan, Jr., Esq., and Perry E. O'Neal, Esq., for the petitioner.

Lester M. Ponder, Esq., for the respondent.


In this proceeding the petitioner challenges the Commissioner's denial of its applications for relief with respect to its excess profits taxes for the calendar years 1941 to 1944, inclusive, filed under the provisions of section 22 of the Internal Revenue Code.

FINDINGS OF FACT.

Some of the facts were stipulated, and are incorporated herein by reference.

Petitioner, a corporation organized in 1913 under the...

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