The Commissioner determined deficiencies in excess profits tax against the petitioner for the years 1942, 1943, and 1944 in the amounts of $534,404.40, $330,752.32, and $93,216.86. The only issue for decision is whether a loss of $376,001.32 was sustained by the petitioner in 1942 when it executed conveyances of lands embracing rights of way.
FINDINGS OF FACT.
The petitioner filed its returns for the taxable years with the collector of internal revenue for...
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.
