Hydraulic Press Manufacturing Co. v. Commissioner

OPINION.

Arundell, Judge:

The petitioner claims relief under section 722 (b) (4), Internal Eevenue Code of 1939, because of changes in its products, an increase in its capacity for production or operation for which it was committed prior to January 1, 1940, and a change in the ratio of nonborrowed capital to total capital.

As to the changes in products, the petitioner claims that during or just prior to the base period it developed and began manufacturing several new products, including the hydropower radial pump, pressure generators, valves, controls, and other accessories, Guerin process…