WILLIAM L. POWELL FOUND. v. COMMISSIONER OF INT. REV.

No. 11169.

222 F.2d 68 (1955)

WILLIAM L. POWELL FOUNDATION, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Seventh Circuit.

April 27, 1955.


Attorney(s) appearing for the Case

Frank C. Olive, Indianapolis, Ind., Olive, Knox & O'Hara, Indianapolis, Ind., of counsel, for petitioner.

H. Brian Holland, Morton K. Rothschild, Asst. Attys. Gen., Ellis N. Slack, Robert N. Anderson, Sp. Assts. to the Atty. Gen., for respondent.

Before DUFFY, Chief Judge, and LINDLEY and SCHNACKENBERG, Circuit Judges.


SCHNACKENBERG, Circuit Judge.

This case comes before us on a petition for review of the decision of the Tax Court of the United States,1 entered on January 25, 1954, and involves a deficiency in income tax and delinquency penalty in the respective amounts of $341.06 and $85.27 for the taxable year ending January 31, 1950.

The first question presented is whether the Tax Court correctly decided that the taxpayer (petitioner) was...

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