United States Board of Tax Appeals March 23, 1925, Docket No. 619. (H. B. Graves Co. v. Commissioner)

lead-opinion

*863OPINION.

Korner:

The taxpayer filed a return of taxable income for the year 1918 computed on the basis of completed sales. On the basis of that return the Commissioner has determined a deficiency in tax in the amount of $1,659.61. The taxpayer does not deny that an audit of its return and books of account on the basis of completed sales properly discloses this deficiency.