Gus Blass Co. v. Commissioner of Internal Revenue

WOODROUGH, Circuit' Judge.

The taxpayer, petitioner herein, is an Arkansas corporation engaged in business in Little Rock, Arkansas, as a retail department store. The Commissioner of Internal Revenue determined deficiencies in taxpayer’s excess profits taxes for the taxable years ending January 31, 1943, 1944, and 1945, and a deficiency in declared value excess profit tax for the year. ending January 31, 1944. The taxpayer petitioned the Tax Court for a re-determination of the deficiencies. The Tax Court held, in an opinion reported at 18 T.C. 261, that the Commissioner had properly determined…