National Shirt Shops, Inc. v. United States

WILLIAMS, Judge.

This is a suit .to recover income and excess profits taxes paid by the plaintiff for the taxable period ending January 31, 1919, in the amount of $55,986.84, with interest thereon from the date of payment.

The plaintiff during the period involved kept its books on the basis of a fiscal year *927ending January 31. Under the regulations (article 25, regulations 45) it was required to make its tax returns on that basis, and the Commissioner of Internal Revenue was required by section 212 (b) of the Revenue Acts of 1918 and 1921 (40 Stat. 1064, 42 Stat. 237) to compute the net income…