United States Rubber Co. v. Commissioner
United States Tax Court
Excess Profits Tax. -- Sec. 722 (a) and (b) (4). -- Sec. 742 (h). -- Section 722 (a) requires a new computation of constructive average base period net income and does not permit retention of the growth formula average base period net income and addition of an adjustment for changes in character of the business.
1Opinion of the Court
United States Rubber Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
United States Rubber Co. v. Commissioner
Docket No. 49933
United States Tax Court
29 T.C. 1268; 1958 U.S. Tax Ct. LEXIS 224;
March 31, 1958, Filed
Decision will be entered for the respondent.
Excess Profits Tax. -- Sec. 722 (a) and (b) (4). -- Sec. 742 (h). -- Section 722 (a) requires a new computation of constructive average base period net income and does not permit retention of the growth formula average base period net income and addition of an adjustment for changes in character of the business.
Montgomery…
2Cases cited1 opinion
- United States Rubber Co. v. CommissionerUnited States Tax Court · 1958