Pied Piper Shoe Co. v. Commissioner
United States Tax Court
The petitioner has been a manufacturer of infants', children's, misses', and growing girls' shoes since its incorporation in 1934 when it acquired the business of Marathon which had been producing such shoes in the high-quality, high-priced field since 1923. Petitioner claimed relief under section 722 of the Internal Revenue Code of 1939 from excess profits taxes for the fiscal years ended November 30, 1941 to 1946, inclusive, on the grounds that its level of earnings during…
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The petitioner has been a manufacturer of infants', children's, misses', and growing girls' shoes since its incorporation in 1934 when it acquired the business of Marathon which had been producing such shoes in the high-quality, high-priced field since 1923. Petitioner claimed relief under section 722 of the Internal Revenue Code of 1939 from excess profits taxes for the fiscal years ended November 30, 1941 to 1946, inclusive, on the grounds that its level of earnings during the base period was an inadequate standard of its normal earnings, largely because of economic circumstances resulting…
1Opinion of the Court
Pied Piper Shoe Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Pied Piper Shoe Co. v. Commissioner
Docket No. 30731
United States Tax Court
28 T.C. 499; 1957 U.S. Tax Ct. LEXIS 176;
May 28, 1957, Filed
Decision will be entered for the respondent.
The petitioner has been a manufacturer of infants', children's, misses', and growing girls' shoes since its incorporation in 1934 when it acquired the business of Marathon which had been producing such shoes in the high-quality, high-priced field since 1923. Petitioner claimed relief under section 722 of the Internal Revenue Code of…
2Cases cited6 opinions
- Granite Constr. Co. v. CommissionerUnited States Tax Court · 1952
- Toledo Stove & Range Co. v. CommissionerUnited States Tax Court · 1951
- Mitchell & Co. v. CommissionerUnited States Tax Court · 1953
- Sherman & Ellis, Inc. v. Indiana Mutual Casualty Co.Court of Appeals for the Seventh Circuit · 1930
- Hugo Brand Tannery, Inc. v. CommissionerUnited States Tax Court · 1953
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