Auburn Packing Co. v. Commissioner
United States Tax Court
Held, in these circumstances, respondent cannot require the petitioner, a livestock raiser, who has consistently used the unit-livestock-price method of inventory valuation, to change from that method to the lower of cost or market method.
1Opinion of the Court
Auburn Packing Co., Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
Auburn Packing Co. v. Commissioner
Docket No. 7347-70
United States Tax Court
60 T.C. 794; 1973 U.S. Tax Ct. LEXIS 77;
August 27, 1973, Filed
Decision will be entered under Rule 50.
Held, in these circumstances, respondent cannot require the petitioner, a livestock raiser, who has consistently used the unit-livestock-price method of inventory valuation, to change from that method to the lower of cost or market method.
Merle D. Cohn, for the petitioner.
Thomas N. Tomashek, for the respondent.
Dawson, Judge.
DAWSON
Responde…
2Cases cited12 opinions
- Brown v. HelveringSupreme Court of the United States · 1934
- United States v. CattoSupreme Court of the United States · 1966
- Ft. Howard Paper Co. v. CommissionerUnited States Tax Court · 1967
- Photo-Sonics, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1966
- Wilkinson-Beane, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1970
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