United States Tax Court November 8, 1948, Docket No. 13841 (Gifford-Hill & Co. v. Commissioner)

lead-opinion

HaRlan, Judge:

The respondent determined deficiencies in excess profits tax of petitioner for the calendar years 1942 and 1943 in the respective amounts of $342,538.06 and $18,568.14.

Under date of February 6, 1946, petitioner paid the collector of internal revenue the sum of $71,414.83 representing additional excess profits tax for the year 1942 in the amount of $118,738.