Eureka Fire Brick Works v. Commissioner
United States Tax Court
Where the inventory method is used, an adjustment to the closing inventory requires a corresponding adjustment to the opening inventory of the same year.
1Opinion of the Court
Eureka Fire Brick Works v. Commissioner.
Eureka Fire Brick Works v. Commissioner
Docket No. 7641.
United States Tax Court
1946 Tax Ct. Memo LEXIS 6; 5 T.C.M. (CCH) 1106;
December 26, 1946
Where the inventory method is used, an adjustment to the closing inventory requires a corresponding adjustment to the opening inventory of the same year.
Horace S. Robeson, Esq., for the petitioner. Stanley L. Drexler, Esq., for the respondent.
LEECH
Memorandum Findings of Fact and Opinion
LEECH, Judge: This report supersedes the memorandum findings of fact and opinion in this proceeding entered on November 29, 1946…
2Cases cited4 opinions
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Thomas Shoe Co. v. CommissionerUnited States Board of Tax Appeals · 1924
- Reuben H. Donnelley Corp. v. CommissionerUnited States Board of Tax Appeals · 1931
- Sinsheimer Bros., Inc. v. CommissionerUnited States Board of Tax Appeals · 1926