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

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U.S. Supreme Court

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

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. 352 U. S. 313-314.

230 F.2d 161 affirmed on other grounds.

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