ORBIT VALVE CO. v. COMMISSIONER

Docket No. 35503.

27 T.C. 740 (1957)

ORBIT VALVE COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed January 31, 1957.


Attorney(s) appearing for the Case

Byron V. Boone, Esq., and H. O. Reyburn, C. P. A., for the petitioner.

William V. Crosswhite, Esq., for the respondent.


This proceeding is based upon claims for excess profits tax relief for the years 1942 to 1945, inclusive, which have been denied in part. The taxable years are those ending June 30, 1942 through 1945. The years 1941 and 1946 are involved by reason of claims for a carryover of unused excess profits credit from 1941 to 1942 and 1943 and a carryback from 1946 to 1944 and 1945. The findings of fact are substantially those made by the commissioner of this Court who heard the evidence...

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