Jerry Anderson, Inc. v. Commissioner
United States Tax Court
Excess Profits Tax -- Sec. 722 -- Constructive Average Base Period Net Income. -- The Commissioner concedes that the taxpayer qualifies for relief under section 722 (b) (1) and constructive average base period net income has been determined from the evidence.
1Opinion of the Court
Jerry Anderson, Inc., Formerly Faries Manufacturing Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Jerry Anderson, Inc. v. Commissioner
Docket No. 30129
United States Tax Court
29 T.C. 972; 1958 U.S. Tax Ct. LEXIS 247;
February 27, 1958, Filed
Decision will be entered under Rule 50.
Excess Profits Tax -- Sec. 722 -- Constructive Average Base Period Net Income. -- The Commissioner concedes that the taxpayer qualifies for relief under section 722 (b) (1) and constructive average base period net income has been determined from the evidence.
Lee I. Park, Esq., and K. Martin Worthy,…
2Cases cited2 opinions
- Bond Crown & Cork Co. v. CommissionerUnited States Tax Court · 1952
- Jerry Anderson, Inc. v. CommissionerUnited States Tax Court · 1958