The respondent disallowed petitioner's application for relief under section 722 of the Internal Revenue Code of 1939 and the related claims for a refund of excess profits tax for the calendar years 1940, 1941, and 1942 in the amounts of $265,966.38, $1,224,485.75, and $1,004,358.82.
In disallowing the said claims the respondent agreed that the petitioner had changed the character of its business during the base period, within the meaning of section 722 (b) (4), but...
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