ROYALTIES v. COMMISSIONER

Docket No. 104008.

1 T.C.M. 794 (1943)

Hendrick Ranch Royalties v. Commissioner.

United States Tax Court.

Entered March 22, 1943.


Attorney(s) appearing for the Case

R. B. Cannon, Esq., 911 Sinclair Bldg., Fort Worth, Tex., and Benj. L. Bird, Esq., for the petitioner. Stanley B. Anderson, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

Respondent determined deficiencies in income tax for the years 1935, 1936, and 1937, in the respective amounts of $859.86, $1,223.70, and $2,134.32, and a deficiency of $302.15 excess profits tax for the year 1935. For the year 1936, respondent added a 25 percent penalty in the amount of $305.93 under section 291 of the Revenue Act of 1936 for failure to file the return within the time prescribed by...

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