CORN PRODUCTS REFINING CO. v. COMMISSIONER

Docket No. 22074.

20 T.C. 503 (1953)

CORN PRODUCTS REFINING COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated May 28, 1953.


Attorney(s) appearing for the Case

Jay O. Kramer, Esq., Samuel A. McCain, Esq., for the petitioner.

Walt Mandry, Esq., for the respondent.


SUPPLEMENTAL OPINION.

OPPER, Judge:

This proceeding was originally decided by Memorandum Opinion entered June 30, 1952. Upon the recomputation under Rule 50, it became evident that an issue not previously perceived by either party remained to be disposed of. Leave was granted to reopen the proceeding for the disposition of that question.

The issue is a narrow and technical problem as to the correct computation to be employed for excess profits...

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