Industrial Supplies, Inc. v. Commissioner

OPINION.

Withet, Judge:

Petitioner is claiming relief under subsections (a) and (b) (4)1 of section 722 of the Internal Eevenue Code, upon the ground that it commenced business during the base period and changed the character of its business in 1939 by a change in operation or management and a difference in the product furnished.

The respondent concedes that petitioner commenced business during the base period and to that extent complies with one of the conditions for application of subsection (b) (4) but denies that petitioner changed the character of its business as alleged. The disagreement…