Mutual Shoe Co. v. Commissioner
United States Tax Court
Held, where a constructive average base period net income is determined under the excess profits tax relief provisions of section 722, such constructive income is to be used in computing the credit for income tax purposes under section 26 (e).
1Opinion of the Court
Mutual Shoe Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Mutual Shoe Co. v. Commissioner
Docket No. 35506
United States Tax Court
25 T.C. 477; 1955 U.S. Tax Ct. LEXIS 26;
December 14, 1955, Filed
Decision will be entered for the respondent.
Held, where a constructive average base period net income is determined under the excess profits tax relief provisions of section 722, such constructive income is to be used in computing the credit for income tax purposes under section 26 (e).
C. J. Batter, Esq., for the petitioner.
A. Russell Beazley, Esq., for the respondent.
Mulroney,…
2Cases cited5 opinions
- Uni-Term Stevedoring Co. v. CommissionerUnited States Tax Court · 1944
- West End Furniture Co. v. CommissionerUnited States Tax Court · 1946
- Morrisdale Coal Mining Co. v. CommissionerUnited States Tax Court · 1953
- Advance Aluminum Castings Corp. v. CommissionerCourt of Appeals for the Seventh Circuit · 1948
- Mutual Shoe Co. v. CommissionerUnited States Tax Court · 1955