Swift Mfg. Co. v. United States

WHALEY, Judge.

* Plaintiff seeks to recover an alleged overpayment of income tax for 1929 in the amount of $7,141.84 on the theory that it has proved its inventories were incorrectly stated in its return and that when correctly stated they reflect a reduction in income which will show an overpayment of the amount sought to be recovered.

The facts in this case show that plaintiff had been following a certain inventory method since about 1920, and upon examination of its return for 1930 the Commissioner prescribed a different basis and accordingly adjusted the inventories for that year by the use…