Lily Mills Co. v. Commissioner
United States Tax Court
The petitioner challenged as inadequate the relief accorded to it by the Commissioner by reason of certain changes in the character of its business which qualified it for relief under section 722 (b) (4) of the Internal Revenue Code. Constructive average base period net income determined.
1Opinion of the Court
Lily Mills Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Lily Mills Co. v. Commissioner
Docket No. 36370
United States Tax Court
21 T.C. 900; 1954 U.S. Tax Ct. LEXIS 268;
March 17, 1954, Promulgated
Decision will be entered under Rule 50.
The petitioner challenged as inadequate the relief accorded to it by the Commissioner by reason of certain changes in the character of its business which qualified it for relief under section 722 (b) (4) of the Internal Revenue Code. Constructive average base period net income determined.
Bert B. Rand, Esq., Jack L. Goodsitt, Esq., and Hans A.…
2Cases cited2 opinions
- Superior Valve & Fittings Co. v. CommissionerUnited States Tax Court · 1952
- Lily Mills Co. v. CommissionerUnited States Tax Court · 1954