Court Opinion

ID: 9444653
Source: CourtListenerOpinion
Date Created: 2023-08-03 21:07:54.556645+00
Date Added: 2024-06-11T17:29:57.165320
License: Public Domain

On Rehearing
PER CURIAM.
The petitioner says that we were mistaken when, relying on the opinion below, 21 T.C. 470, we said that it had abandoned in the Tax Court its claim for § 722 relief as to $4,646.45 of the overassessment of its 1942 excess profits tax.
Whether right or wrong in our belief as to abandonment, it seems clear that the Tax Court has not addressed itself to the availability of § 722 relief for the $4,646.45 portion of the overassessment: instead, it seems to have assumed that relief for that portion of the overassessment was available, if at all, only under other sections of the Revenue Code. We assume that if, upon the remand, the Tax Court should conclude that the taxpayer may not recover the $4,646.45 as an overassessment attributable to “standard issue adjustments,” it will pass upon the question of the independent availability of relief as to this amount under § 722. Until that has been done and all rulings essential to a determination of the controversy have been unequivocally made, we think that the case is not in such posture that we may properly express ourselves on the merits.
Petition denied.