AMERICAN LIBERTY OIL CO. v. COMMISSIONER

Docket Nos. 104364, 104365.

1 T.C. 386 (1942)

AMERICAN LIBERTY OIL COMPANY, TRANSFEREE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. WOFFORD PRODUCTION COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated December 30, 1942.


Attorney(s) appearing for the Case

John B. King, Esq., for the petitioners.

Donald P. Moyers, Esq., for the respondent.


OPINION.

HARRON, Judge:

The facts have been stipulated and we adopt them as our findings of fact. Facts necessary to understand the issue are set forth. The petitioners filed their separate income tax returns with the collector for the second district of Texas. The only question is whether assessment of the deficiencies is barred by the statute of limitations, no deficiencies having been assessed within the three-year period after the filing of the...

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