This proceeding involves deficiencies in income tax of $38,359.11, declared value excess profits tax of $22,404.96, and excess profits tax of $34,270.24, and penalty for failure to file an excess profits tax return for the year 1940 of $8,567.56. The issues are: (1) Whether the respondent properly added to petitioner's gross income the amount of $182,249.58, and (2) whether petitioner is subject to the 25 per cent penalty for failure to file an excess profits tax return....
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
