National Brass Works, Inc. v. Commissioner
United States Tax Court
Where petitioner, in violation of O. P. A. regulations, knowingly, and not innocently and unintentionally, overcharged its customers, held, respondent did not err in disallowing as a business expense petitioner's payment to O. P. A. of the amounts overcharged.
1Opinion of the Court
OPINION.
Van Fossan, Judge:
As presented at the original hearing, this case was submitted entirely on a stipulation of facts. The stipulation did not adequately disclose either the corporate intent or the circumstances surrounding the making of the overcharges out of which arose the payment to O. P. A. of the amount in controversy, nor did it show the relation of the amount of the overcharges to the amount of the payment. The Court of Appeals commented on those aspects of the case, and at the hearing pursuant to mandate, testimony relative thereto was presented. The opinion of the Court of…
2Cases cited2 opinions
- Jerry Rossman Corporation v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1949
- Henry Watterson Hotel Co. v. CommissionerUnited States Tax Court · 1950
3Cited by19 opinions
- Boyle, Flagg & Seaman, Inc. v. CommissionerUnited States Tax Court · 1955
- Weather-Seal Mfg. Co. v. CommissionerUnited States Tax Court · 1951
- Lentin v. CommissionerUnited States Tax Court · 1954
- Salzman v. CommissionerUnited States Tax Court · 1954
- Faulk v. CommissionerUnited States Tax Court · 1956
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