M. W. Zack Metal Co. v. Commissioner
United States Tax Court
Petitioner, having failed to show that its average base period net income was an inadequate standard of normal earnings "because" of any of its alleged changes in the character of its business under section 722 (b) (4) of the Internal Revenue Code, held, not entitled to relief under that section.
1Opinion of the Court
OPINION.1
Van Fossan, Judge:
Petitioner brings this proceeding because of respondent’s disallowance of its applications for relief for the calendar years 1942 through 1945 under section 722 (b) (4) and (5) of the Internal Revenue Code in the amounts of $11,391.99, $20,567.08, $46,010.81, and $37,329.46, respectively.
Findings of Fact substantially as proposed by the commissioner who heard the witnesses have been made and are filed as a part of the official record of the case. The ultimate finding of fact is made by the Court. The following factual summary will suffice for the purposes of this…
2Cases cited3 opinions
- Wisconsin Farmer Co. v. CommissionerUnited States Tax Court · 1950
- Farmers Creamery Co. v. CommissionerUnited States Tax Court · 1952
- Pabst Air Conditioning Corp. v. CommissionerUnited States Tax Court · 1950
3Cited by9 opinions
- Huttig Sash & Door Co. v. CommissionerUnited States Tax Court · 1955
- Calvert Iron Works, Inc. v. CommissionerUnited States Tax Court · 1956
- Union Parts Mfg. Co. v. CommissionerUnited States Tax Court · 1955
- Calvert Iron Works, Inc. v. CommissionerUnited States Tax Court · 1956
- Calvert Iron Works, Inc. v. CommissionerUnited States Tax Court · 1956
4 more not listed; retrieve them via the Exa API.