[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.