BOYETT v. COMMISSIONER

Docket Nos. 24829, 24830, 24831.

10 T.C.M. 237 (1951)

James L. Boyett v. Commissioner. Velora Boyett v. Commissioner. James L. Boyett and Velora Boyett, Husband and Wife v. Commissioner.

United States Tax Court.

Entered March 14, 1951.


Attorney(s) appearing for the Case

Geo. S. Atkinson, Esq., Tom B. Rhodes, Jr., Esq., John C. Box, Jr., Esq., Arthur Squyres, C. P. A., 560 Fair Foundation Bldg., Tyler, Tex., and Kenneth W. Hurst, C. P. A., for the petitioners. Donald P. Chehock, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

JOHNSON, Judge:

These proceedings, consolidated for hearing, involve deficiencies in income tax for the calendar years 1942 to 1947, inclusive, and 50 per cent fraud penalties as follows:

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    Docket No.             Petitioner                        Year    Deficiency  50% Penalty
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