CORN PRODUCTS REFINING CO. v. COMMISSIONER OF INT. REV.

Nos. 22809 and 22810.

215 F.2d 513 (1954)

CORN PRODUCTS REFINING COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Second Circuit.

Decided August 25, 1954.


Attorney(s) appearing for the Case

Jay O. Kramer, Samuel A. McCain, Harry J. Rudick, New York City, for petitioner.

H. Brian Holland, Asst. Atty. Gen., Ellis N. Slack, Lee A. Jackson, Harry Marselli, Sp. Assts. to the Atty. Gen., for respondent.

Before CHASE, Chief Judge, and HINCKS and HARLAN, Circuit Judges.


CHASE, Circuit Judge.

The petitioner, a New Jersey corporation which has its principal office in the City of New York, is engaged in manufacturing and selling corn products, including sugars, starches, oils and feeds. The Commissioner determined a deficiency of $163,804.78 in its income tax for 1940; a deficiency of $1,520,519.39 in its excess profits tax for 1942; and a deficiency of $14,487.94 in its declared value excess profits tax for that year. The Tax Court...

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