MEMORANDUM
HOGAN, Senior District Judge.
The plaintiff The William Powell Company (hereinafter Powell or taxpayer) filed this case under 26 U.S.C. § 7422, seeking a tax refund of $404,403.38 for the years 1967, 1970, 1971 and 1973. This action arises from the Commissioner's rejection of Powell's attempt to use the last-in-first-out method of inventory accounting (hereinafter LIFO) for taxable year 1973. This case is before the Court on a stipulated...
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.