S. S. White Dental Manufacturing Co. v. United States

It is shown from the findings of fact that the plaintiff made an original and amended income-tax and profits-tax return for the year 1918 to the Commissioner of Internal Revenue in which it deducted the sum of $130,764.34 for the year 1918, this sum being the value of all the assets of The S. S. White Dental Manufacturing Co., m. b. h., of Berlin, Germany, which were shown on the books of The S. S. White Dental Manufacturing Co. of Pennsylvania in 1918, which the plaintiff designated as its Berlin’loss, because on March 19, 1918, the German sequestrator seized and sequestrated its property in…