LEWYT CORP. v. COMMISSIONER OF INTERNAL REVENUE

No. 184, Docket 22871.

215 F.2d 518 (1954)

LEWYT CORP. v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Second Circuit.

Decided July 14, 1954.


Attorney(s) appearing for the Case

Freidin & Littauer, New York City (Eugene Meacham, Fred R. Tansill and Seymour Sheriff, Washington, D. C., of counsel), for petitioner.

H. Brian Holland, Asst. Atty. Gen. (Ellis N. Slack, Lee A. Jackson, and I. Henry Kutz, Sp. Assts. to Atty. Gen., of counsel), for respondent.

Before CLARK, HINCKS and HARLAN, Circuit Judges.


HARLAN, Circuit Judge.

We are asked to review a decision of the Tax Court, 18 T.C. 1245, determining a deficiency of $7,129.21 in petitioner's income tax for the taxable year ended September 30, 1944, and a deficiency of $466,557.19 in excess profits tax for the taxable year ended September 30, 1945. The taxpayer is a New York corporation engaged in the manufacture of vacuum cleaners and electronic devices. For tax purposes it used...

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