[Download] "C-O-Two Fire Equipment Co. v. Commissioner of Internal Revenue" by Third Circuit United States Court Of Appeals * eBook PDF Kindle ePub Free

eBook details

Title: C-O-Two Fire Equipment Co. v. Commissioner of Internal Revenue
Author : Third Circuit United States Court Of Appeals
Release Date : January 02, 1955
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 70 KB

Description

This is a tax case in which the question involved depends upon when part of the taxpayers inventory became obsolete. If this happened in 1946 the taxpayer may carry back its loss for that year to reduce its 1944 tax liability and that is what it wants to do. The tax court found that the material in question became obsolete in 1947, 22 T.C. 124. Whether that finding is correct is the sole point in the case.