Philipp Bros. Chemicals, Inc. v. Commissioner
United States Tax Court
1. Held, Commissioner's allocations under sec. 482, I.R.C. 1954, approved in part and disapproved in part, 2. Held, Commissioner has failed to carry burden of proof to establish omission of more than 25 percent of gross income under sec. 6501 (e), I.R.C. 1954, in respect of fiscal 1961.
1Opinion of the Court
Philipp Brothers Chemicals, Inc. (Md.), et al., 1 Petitioners v. Commissioner of Internal Revenue, Respondent
Philipp Bros. Chemicals, Inc. v. Commissioner
Docket Nos. 1314-67, 1315-67, 1316-67, 1317-67, 1337-67, 1338-67, 1339-67, 1340-67, 1359-67, 1360-67, 1361-67
United States Tax Court
52 T.C. 240; 1969 U.S. Tax Ct. LEXIS 133;
May 14, 1969, Filed
Decisions will be entered under Rule 50 in docket Nos. 1317-67, 1337-67, 1338-67, 1339-67, 1340-67, and 1359-67.
Decisions will be entered for petitioners in docket Nos. 1314-67, 1315-67, 1316-67, 1360-67, and 1361-67.
1. Held, Commissioner's allocations…
2Cases cited22 opinions
- Commissioner v. SunnenSupreme Court of the United States · 1948
- Lucas v. EarlSupreme Court of the United States · 1930
- Griffiths v. CommissionerSupreme Court of the United States · 1939
- Helvering v. EubankSupreme Court of the United States · 1941
- Reis v. CommissionerUnited States Tax Court · 1942
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