In these consolidated proceedings respondent determined deficiencies in petitioner's income (excess profits) tax of $12,369.21 and $42,678.50 for 1950 and 1953, respectively. The principal issue is whether petitioner is entitled to excess profits tax relief pursuant to section 443, I.R.C. 1939; more specifically, whether there was a substantial change in the products or services furnished by petitioner during its base period and if so, whether more than 33 per cent of its...
Let's get started
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.