235 F.2d 181 - Ellstrom v. Commissioner — 235 F.2d 181

How this case has been cited

Cited by 8 later decisions — most recently February 1975

2 federal appellate · 2 state decisions

Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.

¶1Edgar W. Pugh, Detroit, Mich., for petitioners.

¶2Charles K. Rice, John Potts Barnes, Lee A. Jackson, Harry Baum, Louise Foster, John M. Morawski and Carolyn R. Just, Washington, D. C., for respondent.

¶3Before ALLEN and MILLER, Circuit Judges, and STARR, District Judge.

¶4PER CURIAM.

¶5These cases came on to be heard upon the record and briefs and oral argument of counsel;

¶6And it appearing that the issue presented was whether respondent erred in determining that the closing inventory of Dearborn Gage Company for the taxable year 1946 valued at cost was less than market value where the inventory was reported at the lower of cost or market under Treasury Regulations 111, Section 29.22(c)-2;

¶7And it appearing that this presents a question of fact with reference to which the Tax Court made detailed findings based largely upon petitioners’ books and computations;

¶8And it appearing that these findings are not clearly erroneous and that the applicable Regulations were correctly applied :

¶9It is ordered that the decision of the Tax Court be and it hereby is affirmed.