The Commissioner determined a deficiency in the excess profits tax of the petitioner of $15,788.56 for its fiscal year ended July 31, 1943 and one of $10,665.66 for its fiscal year ended July 31, 1944. The only issue for decision is whether use of the excess profits credit based upon invested capital to which the petitioner is entitled will result in lesser tax than if the credit based upon income is used.
FINDINGS OF FACT.
The petitioner was incorporated...
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.
