KORN INDUSTRIES, INC. v. UNITED STATES

No. 268-74.

532 F.2d 1352 (1976)

KORN INDUSTRIES, INC. v. The UNITED STATES.

United States Court of Claims.

April 14, 1976.


Attorney(s) appearing for the Case

Wallace C. Murchison, Wilmington, N.C., attorney of record for plaintiff. Murchison, Fox & Newton, Wilmington, N.C., of counsel.

Charles E. Auslander, Jr., Washington, D.C., with whom was Asst. Atty. Gen. Scott P. Crampton, Washington, D.C., for defendant. Theodore D. Peyser, Jr., and Donald H. Olson, Washington, D.C., of counsel.

Before NICHOLS, KASHIWA and KUNZIG, Judges.


ON DEFENDANT'S MOTION AND PLAINTIFF'S CROSS MOTION FOR SUMMARY JUDGMENT

NICHOLS, Judge.

Plaintiff, Korn Industries, Inc., brings this action to recover Federal income taxes of $27,618.80 for the taxable year ended November 30, 1969, plus statutory interest. We have jurisdiction pursuant to 28 U.S.C. § 1491. The question before the court is whether the taxpayer's inclusion of three additional items of cost in computing its finished goods inventory for...

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