Sloss-Sheffield Steel & Iron Co. v. United States

LITTLETON, Judge.

In this suit plaintiff seeks to recover $776,400.75, income and profits tax for 1918, on the ground that a certain determined amortization allowance should be allowed as a deduction from the gross income for 1918 instead of being allocated to the years 1918 to 1921, inclusive.

June 26, 1918, plaintiff entered into a contract with the War Department under which it agreed to construct and equip a plant for the production of toluol, ammonium sulphate, and benzol, which were articles contributing to the prosecution of the war. The United States, through the War Department, agreed…