E. W. Bliss Company v. United States of America, E. W. Bliss Company, Cross v. United States of America, Cross

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• Court upheld the taxpayer’s valuation of inventory at net realizable value less a normal profit margin on the ground that such practice was in accord with GAAP and consistently applied.
• Court upheld the taxpayer's valuation of inventory at net realizable value less a normal profit margin on the ground that such practice was in accord with GAAP and consistently applied.

Source: CourtListener parenthetical corpus (CC0).