1. Home
  2. Browse Decisions
  3. T.C.
  4. 19 T.C.
  5. 19 T.C. 486 (1952)
 

PETTERSON v. COMMISSIONER

Docket No. 35873.

19 T.C. 486 (1952)

P. C. AND ETHEL PETTERSON, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated December 18, 1952.

Attorney(s) appearing for the Case

Seymour Wells, C. P. A., for the petitioners.

R. G. Harless, Esq., for the respondent.

OPINION.

OPPER, Judge:

A deficiency for 1947 in addition to tax on account of fraud in the amount of $4,475.32 is the sole controversy. There is no question as to the existence of fraud and the sole issue is one of law. It is whether the amount of the 50 per cent fraud penalty is to be computed on the original deficiency or on the smaller sum admittedly reduced by a net loss carry-back from a subsequent year...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases