The respondent determined deficiencies in income tax against the petitioner for the calendar years 1946 and 1947 in the respective amounts of $17,758.61 and $15,712.78. The question for decision is whether the petitioner, for the purposes of section 22(d) of the Internal Revenue Code of 1939, properly priced its inventoriable goods by the dollar-value method, through the use of one pool or classification, or whether its closing inventories for the said years are properly...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
