ADVANCE TRUCK COMPANY v. C. I. R.

No. 16024.

262 F.2d 388 (1958)

ADVANCE TRUCK COMPANY, a corporation, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Ninth Circuit.

December 19, 1958.


Attorney(s) appearing for the Case

Parker, Miliken & Kohlmeier, Charles H. Chase, Los Angeles, Cal., for petitioner.

Charles K. Rice, Asst. Atty. Gen., Davis W. Morton, Jr., Charles B. E. Freeman, A. F. Prescott, Lee A. Jackson, Attys., Dept. of Justice, Washington, D. C., for respondent.

Before FEE, BARNES and JERTBERG, Circuit Judges.


JERTBERG, Circuit Judge.

The question presented by this petition for review of a decision of the Tax Court of the United States is whether petitioner's income for federal income tax purposes for the year 1950 is to be computed according to the straight accrual method of accounting, or by a method of accounting which is partly cash receipts and disbursements and partly accrual.

Specifically, the problem is whether amounts received by the petitioner in 1950...

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