A. Finkl & Sons Co. v. Commissioner
United States Tax Court
Petitioner's claim for relief under section 722, I.R.C. 1939, denied.
1Opinion of the Court
Forrester, Judge:
Respondent has denied petitioner’s application for relief under section 7221 for the year 1944 in the amount of $844,206.73. The issues presented for our determination are: (1) Whether petitioner’s plant rehabilitation and modernization program was an event “unusual in the experience of the taxpayer” within the meaning of section 722(b) (1) or increased petitioner’s “capacity for production” within the meaning of section 722(b) (4); (2) whether petitioner or the industry of which it was a member was depressed due to temporary economic events during the base period within the…
2Cases cited30 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Wichita Term. El. Co. v. Commissioner of Int. R.Court of Appeals for the Tenth Circuit · 1947
- Monarch Cap Screw & Mfg. Co. v. CommissionerUnited States Tax Court · 1945
- Wisconsin Farmer Co. v. CommissionerUnited States Tax Court · 1950
- Avey Drilling Machine Co. v. CommissionerUnited States Tax Court · 1951
25 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- United States Steel Corp. v. United StatesDistrict Court, S.D. New York · 1969
- Dow Jones & Co. v. CommissionerUnited States Tax Court · 1963
- A. Finkl & Sons Co. v. CommissionerUnited States Tax Court · 1962
- Braver v. CommissionerUnited States Tax Court · 1973
- Dow Jones & Co. v. CommissionerUnited States Tax Court · 1963
1 more not listed; retrieve them via the Exa API.