Premier Oil Refining Co. v. United States
Supreme Court of the United States
Premier Oil Refining Co. v. United States, 347 U.S. 987 (1954)
74 S. Ct. 851; 98 L. Ed. 1122; 1954 U.S. LEXIS 1998; 46 A.F.T.R. (P-H) 940
Premier Oil Refining Co. v. United States
Opinion of the Court
The petition for writ of certiorari to the United States Court of Appeals for the Fifth Circuit is granted
“Where a deficiency in excess profits tax, based on the income and credits as shown in the taxpayer's return, would have existed except for the subsequent application of Section 722 of the Internal Revenue Code, is the taxpayer liable for interest on the amount of such deficiency (hereinafter called the 'potential deficiency’) which would have existed had it not been extinguished by the application of Section 722?”
Reference
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- 2 cases
- Status
- Published