Legal Opinion
Colorado Milling & Elevator Co. v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided June 19, 1953No. 4563_1PublishedCited by 10 opinions
1Opinion of the Court
HUXMAN, Circuit Judge.
Petitioner sought a redetermination of excess profits tax deficiencies for the fiscal years 1944 and 1945. It claimed that inventory losses for 1938 and 1939 1 for wheat on hand, resulting from violent drops in wheat prices, resulted in abnormally low net income for those two- years and thus resulted in an unrealistic picture of its net profits for the four base years, for the purpose of computing its excess profits for excess profits tax purposes. Its position is that in determining its net income for the years 1938 and 1939 for the determination of excess profits it is…
2Cases cited5 opinions
- Stimson Mill Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1947
- George Kemp Real Estate Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1950
- Dowd-Feder, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1949
- James F. Waters, Inc. v. Commissioner of Internal Rev.Court of Appeals for the Ninth Circuit · 1947
- Colonial Amusement Co. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1949
3Cited by10 opinions
- Packer Pub. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1954
- The Brown Paper Mill Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- Tri-State Beverage Distributors, Inc. v. CommissionerUnited States Tax Court · 1957
- Standard Hosiery Mills, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1957
- McKay Machine Co. v. CommissionerUnited States Tax Court · 1957
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