Foskett & Bishop Co. v. Commissioner
United States Tax Court
Petitioner is engaged primarily in the business of installing pipes to carry steam, water, and oil in nonresidential buildings. It paid excess profits tax for the years 1941, 1942, 1943, and 1945 and filed applications for relief under section 722 of the Internal Revenue Code for all four years which were disallowed by the Commissioner.
Read the full summary
Petitioner is engaged primarily in the business of installing pipes to carry steam, water, and oil in nonresidential buildings. It paid excess profits tax for the years 1941, 1942, 1943, and 1945 and filed applications for relief under section 722 of the Internal Revenue Code for all four years which were disallowed by the Commissioner. Held, petitioner failed to establish that its excess profits tax for the calendar years 1941, 1942, 1943, and 1945, computed without the benefit of section 722, as amended, was excessive and discriminatory because of the factors mentioned in section 722 (b)…
1Opinion of the Court
Foskett & Bishop Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Foskett & Bishop Co. v. Commissioner
Docket No. 24127
United States Tax Court
16 T.C. 456; 1951 U.S. Tax Ct. LEXIS 265;
February 27, 1951, Promulgated
Decision will be entered for the respondent.
Petitioner is engaged primarily in the business of installing pipes to carry steam, water, and oil in nonresidential buildings. It paid excess profits tax for the years 1941, 1942, 1943, and 1945 and filed applications for relief under section 722 of the Internal Revenue Code for all four years which were disallowed by the…
2Cases cited7 opinions
- Monarch Cap Screw & Mfg. Co. v. CommissionerUnited States Tax Court · 1945
- 7-Up Ft. Worth Co. v. CommissionerUnited States Tax Court · 1947
- Foskett & Bishop Co. v. CommissionerUnited States Tax Court · 1951
- Ray Campbell, Wise & Wright, Inc. v. CommissionerUnited States Tax Court · 1950
- Clinton Carpet Co. v. CommissionerUnited States Tax Court · 1950
2 more not listed; retrieve them via the Exa API.