BOONTON MOLDING CO. v. COMMISSIONER

Docket No. 28076.

24 T.C. 1065 (1955)

BOONTON MOLDING COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed September 26, 1955.


Attorney(s) appearing for the Case

Harold Wisan, Esq., for the petitioner.

Maurice S. Bush, Esq., for the respondent.


By this proceeding petitioner challenges respondent's disallowance of its claims under section 722 (b) (2) and (b) (4) of the Internal Revenue Code of 1939 for relief from excess profits tax liabilities. The years involved are 1941 through 1945 and the amounts of relief claimed are set forth immediately below in our findings of fact, which findings are, except for minor changes, substantially as proposed by the report of the commissioner who heard the evidence in the case...

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