NORTH CAROLINA LUMBER CO. v. COMMISSIONER OF INT. REV.

No. 6687.

211 F.2d 543 (1954)

NORTH CAROLINA LUMBER CO. v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Fourth Circuit.

Decided March 15, 1954.


Attorney(s) appearing for the Case

Meade Whitaker, Birmingham, Ala. (Lucien D. Gardner, Jr., and Cabaniss & Johnston, Birmingham, Ala., on brief), for petitioners.

Robert B. Ross, Sp. Asst. to the Atty. Gen. (H. Brian Holland, Asst. Atty. Gen., Ellis N. Slack and Robert N. Anderson, Sp. Assts. to the Atty. Gen., on brief), for respondent.

Before PARKER, Chief Judge, and SOPER and DOBIE, Circuit Judges.


PARKER, Chief Judge.

This is a petition to review a decision of the Tax Court which denied to taxpayer the right to have section 108(b) of the Internal Revenue Code, 26 U.S. C.A., applied in computing for the fiscal year ending November 30, 1944, the declared value excess profits tax imposed by section 600 of the Internal Revenue Code. In the Tax Court, taxpayer raised a number of points which were decided adversely to its contentions and which are not insisted on...

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