WILLIAMSON v. COMMISSIONER

Docket No. 40558.

14 T.C.M. 487 (1955)

T.C. Memo. 1955-131

Gaines Williamson and Edith Williamson (Husband and Wife) v. Commissioner.

United States Tax Court.

Filed May 23, 1955.


Attorney(s) appearing for the Case

Chat Chancellor, Esq., McClure Building, Frankfort, Ky., for the petitioners. Charles R. Hembree, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

BRUCE, Judge:

Respondent determined deficiencies in income tax and additions to tax because of fraud in the following amounts:

  Year                     Deficiency    50% addition
                                            to tax
  1945.................    $ 1,895.44    $  968.22*
  1946.................     17,428.54     8,714.27
  1947.................      5,851.69     2,925.85
  1948...........

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