United States Tax Court October 31, 1946, Docket No. 7437 (Stimson Mill Co. v. Commissioner)

lead-opinion

OPINION.

Disney, Judge-.

The Commissioner determined a deficiency of $2,106.08 in excess profits tax for the year 194Í2 as a result of denying to the petitioner relief under section 722 of the Internal Revenue Code. The only issue is whether petitioner is entitled to relief under section 722 of the Internal Revenue Code, in addition to the benefits of section 713 (e) (1) of the code.