OLD HOMESTEAD BREAD COMPANY v. COMMISSIONER

Docket No. 32824.

28 T.C. 306 (1957)

THE OLD HOMESTEAD BREAD CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed April 30, 1957.


Attorney(s) appearing for the Case

Claude M. Maer, Jr., Esq., Stephen H. Hart, Esq., John Fleming Kelly, Esq., and Erwin Boehning, Esq., for the petitioner.

Gene W. Reardon, Esq., and Frank C. Conley, Esq., for the respondent.


TIETJENS, Judge:

Claims for excess profits tax relief under section 722 of the Internal Revenue Code of 1939, for the year 1941, the fractional year ended July 31, 1942, and the fiscal years ended July 31, 1943, 1944, 1945, and 1946, have been denied by the Commissioner. The petitioner claims relief under section 722 (b) (2) for a depression of its business due to an unusual temporary economic circumstance and under section 722 (b) (1) for an interruption in...

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