A. & A. Tool & Supply Co. v. Commissioner of Internal Revenue‪.‬

This petition asks for a review of a decision of the Tax Court of the United States. It involves a deficiency in the corporate income and declared value excess profits tax of the A. & A. Tool & Supply Company, a dissolved corporation, hereinafter referred to as the taxpayer, for the fiscal year ending June 30, 1942. In his determination, the Commissioner of Internal Revenue found the deficiencies to be: income tax $1,743.14, declared value excess profits tax $1,322.13, excess profits tax $2,176.98. The taxpayer petitioned the Tax Court for a redetermination of the deficiencies. Upon redetermination by that court, the deficiencies in income and declared value excess profits tax were fixed in the amounts of $738.70 and $454.23 respectively. It was found that there was no deficiency in excess profits tax for that year.