Jackson-Raymond Co. v. Commissioner
United States Tax Court
Excess profits tax relief under section 722 (c) of the Internal Revenue Code of 1939 disallowed where the petitioner in 1941 began the manufacture of uniform shirts and slacks, principally for military use, and where the evidence fails to establish a basis for reconstruction of normal base period earnings productive of greater excess profits credits than those allowed by the respondent on the invested capital basis.
1Opinion of the Court
Jackson-Raymond Company, Inc., et al., 1 Petitioners, v. Commissioner of Internal Revenue, Respondent
Jackson-Raymond Co. v. Commissioner
Docket Nos. 27298, 27374, 27375
United States Tax Court
23 T.C. 826; 1955 U.S. Tax Ct. LEXIS 248;
February 9, 1955, Filed
Decisions will be entered for the respondent.
Excess profits tax relief under section 722 (c) of the Internal Revenue Code of 1939 disallowed where the petitioner in 1941 began the manufacture of uniform shirts and slacks, principally for military use, and where the evidence fails to establish a basis for reconstruction of normal base period…
2Cases cited5 opinions
- Danco Co. v. CommissionerUnited States Tax Court · 1950
- Fezandie & Sperrle v. Comm'rUnited States Tax Court · 1945
- Danco Co. v. CommissionerUnited States Tax Court · 1952
- Harry Lang Mfg. Co. v. CommissionerUnited States Tax Court · 1952
- Jackson-Raymond Co. v. CommissionerUnited States Tax Court · 1955