MEMORANDUM
HOGAN, Senior District Judge.
The plaintiff The William Powell Company (hereinafter Powell or taxpayer) filed this case under 26 U.S.C. § 7422, seeking a tax refund of $404,403.38 for the years 1967, 1970, 1971 and 1973. This action arises from the Commissioner's rejection of Powell's attempt to use the last-in-first-out method of inventory accounting (hereinafter LIFO) for taxable year 1973. This case is before the Court on a stipulated...
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