ATLAS SECURITIES CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 8839.

58 F.2d 214 (1932)

ATLAS SECURITIES CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Eighth Circuit.

April 13, 1932.


Attorney(s) appearing for the Case

Alton Gumbiner, of Kansas City, Mo. (Joseph T. Owens and Winger, Reeder, Barker, Gumbiner & Hazard, all of Kansas City, Mo., on the brief), for appellant.

Norman D. Keller, Sp. Asst. to Atty. Gen. (G. A. Youngquist, Asst. Atty. Gen., Sewall Key, Sp. Asst. to Atty. Gen., and C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, and May Eastman, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., on the brief), for appellee.

Before STONE and KENYON, Circuit Judges, and CANT, District Judge.


STONE, Circuit Judge.

This is a petition to review an order of the Board of Tax Appeals redetermining a deficiency in the income and excess profits taxes of petitioner for the year 1918.

The tax return was filed June 9, 1919, and the tax as returned was then paid. On October 15, 1925, and more than a year after the applicable statute of limitations as to assessment, the petitioner and the Commissioner executed a waiver as follows:

"Income and Profits...

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