Berry Trust v. Commissioner
United States Tax Court
Petitioner Dixie Shops, Inc., held entitled to elect to compute income from installment sales made during 1942 on an accrual basis under section 736 (a), I. R. C. 1939, for purposes of reporting its excess profits tax liability for the taxable year ended December 31, 1942.
1Opinion of the Court
Selma Berry Trust, Transferee, Betty Berry, Trustee, et al., 1 Petitioner, v. Commissioner of Internal Revenue, Respondent
Berry Trust v. Commissioner
Docket Nos. 41026, 410027, 41028, 41150
United States Tax Court
26 T.C. 344; 1956 U.S. Tax Ct. LEXIS 187;
May 25, 1956, Filed
Decisions will be entered under Rule 50.
Petitioner Dixie Shops, Inc., held entitled to elect to compute income from installment sales made during 1942 on an accrual basis under section 736 (a), I. R. C. 1939, for purposes of reporting its excess profits tax liability for the taxable year ended December 31, 1942.
Charles L.…
2Cases cited2 opinions
- Mackin Corp. v. CommissionerUnited States Tax Court · 1946
- Berry Trust v. CommissionerUnited States Tax Court · 1956