D. L. Auld Co. v. Commissioner
United States Tax Court
1. Held: Petitioner has not shown that its average base period net income but for a strike would have resulted in an excess profits credit greater than that computed on the basis of invested capital which was allowed by respondent. 2. Held: The tax computed without the benefit of section 722 (b) (1), I. R. C., is not shown to be excessive and discriminatory.
1Opinion of the Court
The D. L. Auld Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
D. L. Auld Co. v. Commissioner
Docket No. 20198
United States Tax Court
17 T.C. 1199; 1952 U.S. Tax Ct. LEXIS 289;
January 22, 1952, Promulgated
Decision will be entered for the respondent.
1. Held: Petitioner has not shown that its average base period net income but for a strike would have resulted in an excess profits credit greater than that computed on the basis of invested capital which was allowed by respondent.
2. Held: The tax computed without the benefit of section 722 (b) (1), I. R. C., is not shown to be…
2Cases cited4 opinions
- Monarch Cap Screw & Mfg. Co. v. CommissionerUnited States Tax Court · 1945
- Harlan Bourbon & Wine Co. v. CommissionerUnited States Tax Court · 1950
- D. L. Auld Co. v. CommissionerUnited States Tax Court · 1952
- Monarch Mfg. Co. v. CommissionerUnited States Tax Court · 1950