Dixie Pine Products Co. v. Commissioner

McCORD, Circuit Judge.

The Petition for Review involves deficiencies in income and excess profits taxes of $3,600.09 and $1,169.95 determined against Dixie Pine Products Company for ■the calendar year 1937. The issue is whether the taxpayer’s 1937 tax return may be corrected by disallowing deduction of an accrued item for Mississippi gasoline taxes which the taxpayer contested and refused to pay, and which, as the result of successful litigation in the State Courts, it never had to pay.

Dixie Pine Products Company' was engaged in Mississippi in the business of extracting turpentine, pine oil,…