LIBERTY FABRICS OF NEW YORK, INC. v. COMMISSIONER

Docket No. 32828.

28 T.C. 645 (1957)

LIBERTY FABRICS OF NEW YORK, INC. (FORMERLY LIBERTY LACE AND NETTING WORKS), PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 13, 1957.


Attorney(s) appearing for the Case

Jay O. Kramer, Esq., S. Walter Kaufman, C. P. A., and Joseph J. Bryer, Esq., for the petitioner.

Arthur N. Mindling, Esq., for the respondent.


By this proceeding petitioner challenges respondent's disallowance of its claims under section 722, Internal Revenue Code of 1939, for relief from excess profits tax liabilities for the calendar years 1941 through 1945. The amounts are as follows:

Calender Year                                             Overpayment claimed

    1941 ----------------------------------------------        $66.248.72
   ...

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