Dow Jones & Co. v. Commissioner
United States Tax Court
Sec. 722, I.R.C. 1939. -- Where the taxpayer enjoyed a period of abnormally high earnings and then suffered a depressed level of earnings which began at a time several years prior to and thus remotely related to the base period and such condition continued on during that period because of a chain of events and circumstances which were of prolonged duration throughout the 1930's and not of a temporary nature, held, that the business of the taxpayer was not depressed in the…
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Sec. 722, I.R.C. 1939. -- Where the taxpayer enjoyed a period of abnormally high earnings and then suffered a depressed level of earnings which began at a time several years prior to and thus remotely related to the base period and such condition continued on during that period because of a chain of events and circumstances which were of prolonged duration throughout the 1930's and not of a temporary nature, held, that the business of the taxpayer was not depressed in the base period because of temporary economic circumstances unusual in the case of such taxpayer, within the meaning of…
1Opinion of the Court
Dow Jones and Company, Inc. (Delaware) (Successor to Financial Press Companies of America and Its United States Subsidiaries), Petitioner, v. Commissioner of Internal Revenue, Respondent
Dow Jones & Co. v. Commissioner
Docket No. 56344
United States Tax Court
41 T.C. 102; 1963 U.S. Tax Ct. LEXIS 29;
October 29, 1963, Filed
Decision will be entered for the respondent.
Sec. 722, I.R.C. 1939. -- Where the taxpayer enjoyed a period of abnormally high earnings and then suffered a depressed level of earnings which began at a time several years prior to and thus remotely related to the base period and such…
2Cases cited18 opinions
- Monarch Cap Screw & Mfg. Co. v. CommissionerUnited States Tax Court · 1945
- Harlan Bourbon & Wine Co. v. CommissionerUnited States Tax Court · 1950
- Trunz, Inc. v. CommissionerUnited States Tax Court · 1950
- Toledo Stove & Range Co. v. CommissionerUnited States Tax Court · 1951
- Pabst Air Conditioning Corp. v. CommissionerUnited States Tax Court · 1950
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