RELIANCE FACTORING CORP. v. COMMR. OF INTERNAL REVENUE, 15 T.C. 604 (1950) RELIANCE FACTORING CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNALREVENUE, RESPONDENT. Docket No. 20715.United States Tax Court. Promulgated November 10, 1950. Since its organization in 1935 petitioner has been engaged in the business of dealing in job lots, closeouts, odd lots and surplus material which […]
