PRATT & LETCHWORTH COMPANY, INC. v. COMMISSIONER

Docket No. 29502.

21 T.C. 999 (1954)

PRATT & LETCHWORTH COMPANY, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated March 25, 1954.


Attorney(s) appearing for the Case

Sol Goodman, Esq., for the petitioner.

John Clark, Esq., for the respondent.


This proceeding involves petitioner's claim for refund of excess profits tax under section 722 of the Internal Revenue Code for the fiscal years January 1, 1940, to August 31, 1940; September 1, 1940, to August 31, 1941; and September 1, 1941, to August 31, 1942, in the amounts of $26,826.55, $55,994.05, and $68,621, respectively. Respondent disallowed, in full, petitioner's claim for each of the fiscal years involved on the ground that petitioner had not established its...

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