City MacHine & Tool Company v. Commissioner of Internal Revenue
CITY MACHINE & TOOL COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Opinion
PER CURIAM.
This case came on to be heard upon the record and briefs.
And the court being fully advised;
And it appearing that the United States Tax Court in this case held in effect that in a proceeding brought before it under Section 732(a) of the Internal Revenue Code, 26 U.S.C.A. § 732 (a), from the disallowance of a claim for relief under Section 722, 26 U.S.C.A. § 722 , no issue could be raised other than the right to relief under Section 722;
And it appearing that the Commissioner confesses error and concedes that the order of the Tax Court entered February 19, 1951, should be reversed;
And it appearing that Section 732, 26 U.S.C.A. (a) provides that a taxpayer may file a petition for redetermination of the excess profits tax and that the tax cannot correctly be redetermined unless all pertinent factors entering into its determination are considered. H. Fendrich, Inc., v. Com *536 missioner of Internal Revenue, 7 Cir., 192 F.2d 916 .
It is ordered that the decision of the Tax Court be and it hereby is reversed and the case is remanded to the Tax Court for further proceedings.
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Cited by 8 cases
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- City Machine & Tool Co. v. Commissioner
- Packer Pub. Co. v. Commissioner of Internal Revenue
- Commissioner of Internal Revenue v. Pittsburgh & Weirton Bus Company
- Willys-Overland Motors, Inc. v. Commissioner of Internal Revenue
- Commissioner of Internal Revenue v. Blue Diamond Coal Co., Commissioner of Internal Revenue v. Central Paper Company, Inc.
- Commissioner of Internal Revenue v. F. W. Poe Manufacturing Company
Most recent
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- Commissioner of Internal Revenue v. Blue Diamond Coal Co., Commissioner of Internal Revenue v. Central Paper Company, Inc.
- Commissioner of Internal Revenue v. F. W. Poe Manufacturing Company
- Willys-Overland Motors, Inc. v. Commissioner of Internal Revenue
- Commissioner of Internal Revenue v. Pittsburgh & Weirton Bus Company
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