The petitioner seeks relief for excess profits tax liability for the taxable years 1942, 1943, and 1944 under section 722 (b) (4) of the Internal Revenue Code. It asks for a reconstructed average base period net income of $145,634.61 and for the refunds resulting from a credit based on such average. The issue is whether, under the facts adduced, petitioner is shown to be entitled to relief under the provisions of the cited section.
FINDINGS OF FACT.
Petitioner...
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.
