National Lead Co. v. Commissioner, 352 U.S. 313 (1957)

National Lead Co. v. Commissioner of Internal Revenue

No. 124

Argued December 13, 1956
Decided January 22, 1957
352 U.S. 313

CERTIORARI TO THE UNITED STATES COURT OF APPEALS

FOR THE SECOND CIRCUIT

Syllabus

Under § 124(f) of the Internal Revenue Code of 1939, as amended, the War Production Board had authority to certify that only a part of the cost of essential wartime expansion of production facilities of a private manufacturer was "necessary in the interest of national defense," so a to be amortizable within five years or less under § § 23(t) and 12 for income tax purposes. Pp. 313-314.

230 F.2d 161 affirmed on other grounds.