DOW CHEMICAL CO. v. COMMISSIONER

Docket No. 2207-66.

51 T.C. 669 (1969)

DOW CHEMICAL COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed January 29, 1969.


Attorney(s) appearing for the Case

John F. Creed, David R. Macdonald, Dennis I. Meyer, and John P. Beukema, for the petitioner.

John H. Menzel and Joseph F. Dillion, for the respondent.


WITHEY, Judge:

Deficiencies have been determined by the Commissioner in the income tax of petitioner for the fiscal years ended May 31, 1957, and May 31, 1958, in the respective amounts of $594,030.02 and $903,822.19. By an amended answer, the Commissioner now claims an increased deficiency for such fiscal years in the respective amounts of $1,148,193.75 and $1,436,834.62. Petitioner claims an overpayment of such tax for each of such fiscal years in the respective...

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