United States Tax Court March 21, 1957, Docket No. 57651 (Long Poultry Farms, Inc. v. Commissioner)

OPINION.

Rice, Judge:

The petitioner argues that the patronage refund credit allocated to its account on Rockingham’s, books had no fair market value when received, and that because of that fact such credit was not properly includible in its income during the fiscal year here in issue, citing B. A. Carpenter, 20 T. C. 603 (1953), affd. 219 F. 2d 635 (C. A. 5, 1955); William A. Joplin, Jr., 17 T.