R. W. Eldridge Co. v. Commissioner
United States Tax Court
The petitioner, a handkerchief manufacturer, filed claims for relief under section 722 (b) (1) and ( 2) of the Internal Revenue Code and for the refund of excess profits taxes paid for its taxable years ended June 30, 1942, and June 30, 1943. The petitioner, in making its returns for the years mentioned, and the respondent, in making his determination with respect thereto, computed the petitioner's excess profits credit on the basis of invested capital.
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The petitioner, a handkerchief manufacturer, filed claims for relief under section 722 (b) (1) and ( 2) of the Internal Revenue Code and for the refund of excess profits taxes paid for its taxable years ended June 30, 1942, and June 30, 1943. The petitioner, in making its returns for the years mentioned, and the respondent, in making his determination with respect thereto, computed the petitioner's excess profits credit on the basis of invested capital. Aside from its claims under section 722, the petitioner does not question the correctness of the respondent's determination. Assuming,…
1Opinion of the Court
R. W. Eldridge Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
R. W. Eldridge Co. v. Commissioner
Docket No. 10443
United States Tax Court
19 T.C. 792; 1953 U.S. Tax Ct. LEXIS 248;
January 28, 1953, Promulgated
Decision will be entered for the respondent.
The petitioner, a handkerchief manufacturer, filed claims for relief under section 722 (b) (1) and ( 2) of the Internal Revenue Code and for the refund of excess profits taxes paid for its taxable years ended June 30, 1942, and June 30, 1943. The petitioner, in making its returns for the years mentioned, and the respondent, in…
2Cases cited5 opinions
- Irwin B. Schwabe Co. v. CommissionerUnited States Tax Court · 1949
- Trunz, Inc. v. CommissionerUnited States Tax Court · 1950
- Stonhard Co. v. CommissionerUnited States Tax Court · 1949
- Monarch Mfg. Co. v. CommissionerUnited States Tax Court · 1950
- R. W. Eldridge Co. v. CommissionerUnited States Tax Court · 1953