Crossett Lumber Co. v. United States

THOMAS, Circuit Judge.

This suit was brought in the court below by the taxpayer appellant as plaintiff to recover $6,548.42 as an overassessment of income tax for the fiscal year ending November 20, 1927. The action was tried to the court without a jury upon a stipulation of facts. From a judgment in favor of the appellee the plaintiff appeals.

The court adopted the facts as stipulated as its findings. From such.findings it appears that the Commissioner of Internal Revenue erred in determining the value of the plaintiff’s inventory of November 30, 1926. This had the effect of decreasing…