Hummel & Downing Co. v. Commissioner
United States Tax Court
Excess Profits Tax -- Sec. 722 (b) (2), I. R. C. -- Low Selling Prices Due to Temporary Overexpansion of Industry. -- The petitioner, a manufacturer of paper board shipping containers, has failed to show that it is entitled to relief under section 722 (b) (2) based upon abnormally low selling prices from late 1937 to late 1939 of the base period forced upon it and the industry of which it was a part by a temporary overexpansion of the competing kraft paper board industry.
1Opinion of the Court
Hummel & Downing Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Hummel & Downing Co. v. Commissioner
Docket No. 26283
United States Tax Court
21 T.C. 231; 1953 U.S. Tax Ct. LEXIS 26;
November 19, 1953, Promulgated
Decision will be entered for the respondent.
Excess Profits Tax -- Sec. 722 (b) (2), I. R. C. -- Low Selling Prices Due to Temporary Overexpansion of Industry. -- The petitioner, a manufacturer of paper board shipping containers, has failed to show that it is entitled to relief under section 722 (b) (2) based upon abnormally low selling prices from late 1937 to late…
2Cases cited2 opinions
- Hummel & Downing Co. v. CommissionerUnited States Tax Court · 1952
- Hummel & Downing Co. v. CommissionerUnited States Tax Court · 1953