1. Home
  2. Browse Decisions
  3. T.C.
  4. 25 T.C.
  5. 25 T.C. 1160 (1956)
 

GREAT AMERICAN INDUSTRIES, INC. v. COMMISSIONER

Docket No. 24797.

25 T.C. 1160 (1956)

GREAT AMERICAN INDUSTRIES, INC. (FORMERLY SALTA CORPORATION), PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 8, 1956.

Attorney(s) appearing for the Case

Brady O. Bryson, Esq., and Thomas V. Lefevre, Esq., for the petitioner.

Maurice S. Bush, Esq., and Francis X. Gallagher, Esq., for the respondent.

The Commissioner determined a deficiency of $94,650.31 in petitioner's excess profits tax for the calendar year 1941, and, as a result thereof, an overassessment of $24,269.23 in petitioner's income tax for that year. The only adjustment contested by petitioner is explained in the statement accompanying the deficiency notice, as follows:

It has been determined that your [excess profits tax] invested capital for the taxable...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases