Martin Weiner Corporation (Formerly Wohl Fabrics Co.) v. Commissioner of Internal Revenue

HINCKS, Circuit Judge.

This is a petition to review a decision of the Tax Court reported in 21 T.C. 470. The sole question raised on review is whether the Tax Court has jurisdiction, on a petition for relief under Section 722 of the Internal Revenue Code of 1939, 26 U.S.C. § 722, not only to afford relief under Section 722 but also to decide and give effect to so-called “standard issue adjustments” arising under other sections of the Excess Profits Tax Acts of World War II, IRC, Chapter 2, Subchapter E, Sections 710-736, 26 U.S.C. §§ 710-736. It was undisputed that petitioner was overassessed…