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North Carolina Lumber Co. Tax Case by Scribd Government Docs is a document available to read on EtoBox.

This document is a court opinion regarding whether a lumber company could exclude long-term capital gains from its calculation of declared value excess profits tax for its 1944 fiscal year, which ended in November 1944. The court held that the company could exclude the portion of long-term capital gains that were realized after December 31, 1943, when the law changed. The court applied the allocation formula in Section 108(b) of the tax code to apportion the tax calculation between the periods before and af

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Scribd Government Docs

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EN