Standard Refractories Co. v. United States

WILLIAMS, Judge.

Plaintiff sues to recover the amount of an additional assessment of income and profits taxes for the year 1918 of $104,-516.78, resulting from the disallowance by the Commissioner of Internal Revenue of a deduction claimed by plaintiff in its income tax return for that year for the amortization of war facilities pursuant to section 234 (a) (8) of the Revenue Act of 1918 (40 Stat. 1077), the relevant portions of which read:.

“That in- computing the net income of a corporation subject to the tax imposed by section 230 there -shall be allowed as deductions : * * *

“(8) In the case…