MUTUAL SHOE CO. v. COMMISSIONER

Docket No. 35506.

25 T.C. 477 (1955)

MUTUAL SHOE COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed December 14, 1955.


Attorney(s) appearing for the Case

C. J. Batter, Esq., for the petitioner.

A. Russell Beazley, Esq., for the respondent.


The Commissioner determined deficiencies in income tax for the following fiscal years ending on May 31:

1943 -------------------------------------   $2,008.52
1944 -------------------------------------    1,781.23
1945 -------------------------------------    1,535.90

The sole issue is whether or not the adjusted excess profits net income credit allowed under section 26(e) of the 1939 Internal Revenue Code for income tax purposes is to be determined...

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