George J. Meyer Malt & Grain Corp. v. Commissioner
United States Tax Court
1. The taxpayer, in computing excess profits tax for 1943 and 1944, sought disallowance of abnormal bad debt deductions for 1938 and 1940. The Commissioner refused to permit such a disallowance. In its petition the taxpayer asserted error only as to the refusal by the Commissioner to permit disallowance in 1940. The petitioner computed its excess profits credit under the growth formula.
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1. The taxpayer, in computing excess profits tax for 1943 and 1944, sought disallowance of abnormal bad debt deductions for 1938 and 1940. The Commissioner refused to permit such a disallowance. In its petition the taxpayer asserted error only as to the refusal by the Commissioner to permit disallowance in 1940. The petitioner computed its excess profits credit under the growth formula. The Commissioner, by answer, asked that, if the bad debt deduction be disallowed for 1940, the 1938 deduction be also disallowed. By petitioner's evidence and by stipulation it was established that both in…
1Opinion of the Court
George J. Meyer Malt & Grain Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
George J. Meyer Malt & Grain Corp. v. Commissioner
Docket No. 15852
United States Tax Court
11 T.C. 383; 1948 U.S. Tax Ct. LEXIS 80;
September 27, 1948, Promulgated
Decision will be entered under Rule 50.
1. The taxpayer, in computing excess profits tax for 1943 and 1944, sought disallowance of abnormal bad debt deductions for 1938 and 1940. The Commissioner refused to permit such a disallowance. In its petition the taxpayer asserted error only as to the refusal by the Commissioner to permit…
2Cases cited7 opinions
- Green Bay Lumber Co. v. CommissionerUnited States Tax Court · 1944
- Arrow-Hart & Hegeman Electric Co. v. CommissionerUnited States Tax Court · 1946
- City Auto Stamping Co. v. CommissionerUnited States Tax Court · 1946
- Colson Corp. v. CommissionerUnited States Tax Court · 1945
- Rockford Varnish Co. v. CommissionerUnited States Tax Court · 1947
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