United States Board of Tax Appeals February 10, 1925, Docket No. 62 (Appeal of Gaukler & Stewart)

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United States · · · 10-02-1925

*580OPINION.

James :

The question here presented turns upon the correctness of the balance sheets set up by the revenue agent, primarily to ascertain invested capital, and admittedly estimated, the correctness of his computation of net income, and the correctness of the accountants’ theory of computing the net income in the following manner:

*581COMPUTATION Off NET INCOME.

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