BODOGLAU v. COMMISSIONER OF INTERNAL REVENUE

No. 11495.

230 F.2d 336 (1956)

Etta Potson BODOGLAU, Administratrix of the Estate of Michael Potson, Deceased, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Seventh Circuit.

February 29, 1956.


Attorney(s) appearing for the Case

Llewellyn A. Luce, Walter H. Maloney, Washington, D. C., for petitioner.

H. Brian Holland, Asst. Atty. Gen., Elmer J. Kelsey, Atty., Tax Division, U. S. Dept. of Justice, Washington, D. C., Ellis N. Slack, Meyer Rothwacks, Attys., Dept. of Justice, Washington, D. C., for respondent.

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


DUFFY, Chief Judge.

This is an appeal from a decision of the Tax Court (22 T.C. 912) which determined that there were deficiencies in taxpayer's income and victory tax for the calendar years 1936, 1941, 1942 and 1943, and deficiencies in fraud penalties for each of such years, and also for the year 1940. In this case the income of taxpayer was determined by the use of increase in net worth plus nondeductible expenditures method.

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