Dixie Margarine Co. v. Commissioner

From 1923 to 1931 petitioner manufactured and sold a product composed of mixtures of vegetable oils, salt, and skimmed milk, which the Bureau of Internal Revenue held was subject to tax as oleomargarine. During such period petitioner paid the required stamp tax on its product, and deducted the amounts in its income tax returns as part of the cost of goods sold. In 1932 the Supreme Court held that a product similar to that of petitioner did not come within the taxing statutes, and in the same year the Commissioner refunded to petitioner all amounts theretofore paid by it as stamp taxes except…