Dixie Mfg. Co. v. Commissioner
United States Board of Tax Appeals
A theoretical inventory computed by an examining agent held, under the facts in the case, not to be properly used by the Commissioner in the adjustment of net income. Income and invested capital otherwise adjusted in accordance with findings of fact.
1Opinion of the Court
Appeal of DIXIE MANUFACTURING CO.
Dixie Mfg. Co. v. Commissioner
Docket No. 475.
United States Board of Tax Appeals
1 B.T.A. 641; 1925 BTA LEXIS 2824;
February 28, 1925, decided Submitted January 29, 1925.
A theoretical inventory computed by an examining agent held, under the facts in the case, not to be properly used by the Commissioner in the adjustment of net income.
Income and invested capital otherwise adjusted in accordance with findings of fact.
Frank Reagan, Esq., for the taxpayer.
A. Calder Mackay, and Charles H. Curl, Esqs. (Nelson T. Hartson, Solicitor of Internal Revenue) for the…
2Cases cited1 opinion
- Dixie Mfg. Co. v. CommissionerUnited States Board of Tax Appeals · 1925