National Biscuit Co. v. Commissioner
United States Tax Court
1. Held, that the vacation pay in question is to be considered a "class of deductions" for the purpose of section 433 (b) (9), I. R. C. 1939 (Korean War Excess Profits Tax Law). 2. Held, that none of the provisions of section 433 (b) (10) apply to bar petitioner from invoking the benefits of section 433 (b) (9).
1Opinion of the Court
National Biscuit Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
National Biscuit Co. v. Commissioner
Docket No. 54327
United States Tax Court
29 T.C. 409; 1957 U.S. Tax Ct. LEXIS 26;
December 6, 1957, Filed
Decision will be entered under Rule 50.
1. Held, that the vacation pay in question is to be considered a "class of deductions" for the purpose of section 433 (b) (9), I. R. C. 1939 (Korean War Excess Profits Tax Law).
2. Held, that none of the provisions of section 433 (b) (10) apply to bar petitioner from invoking the benefits of section 433 (b) (9).
Montgomery B. Angell,…
2Cases cited10 opinions
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- Weather-Seal Mfg. Co. v. CommissionerUnited States Tax Court · 1951
- Universal Optical Co. v. CommissionerUnited States Tax Court · 1948
- Mine & Smelter Supply Co. v. CommissionerUnited States Tax Court · 1948
- R. & J. Furniture Co. v. CommissionerUnited States Tax Court · 1953
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