La Grand Industrial Supply Co. v. United States
United States Tax Court
1. The sales of standard commercial articles made by petitioner, a sole proprietorship engaged primarily in the wholesale distribution of foundry supplies, should not be excluded from its renegotiable business. 2. Salary allowance and amount of excessive profits made by petitioner from its renegotiable business determined.
1Opinion of the Court
La Grand Industrial Supply Company, Petitioner, v. United States of America, Respondent
La Grand Industrial Supply Co. v. United States
Docket No. 659-R.
United States Tax Court
22 T.C. 1023; 1954 U.S. Tax Ct. LEXIS 126;
August 10, 1954, Filed August 10, 1954, Filed
1. The sales of standard commercial articles made by petitioner, a sole proprietorship engaged primarily in the wholesale distribution of foundry supplies, should not be excluded from its renegotiable business.
2. Salary allowance and amount of excessive profits made by petitioner from its renegotiable business determined.
Randall S.…
2Cases cited1 opinion
- La Grand Industrial Supply Co. v. United StatesUnited States Tax Court · 1954