United States Board of Tax Appeals December 30, 1926, Docket No. 4241. (William A. Slater Mills, Inc. v. Commissioner)

lead-opinion

Trussell:

The petitioner’s complaint is based upon the Commissioner’s letter dated March 21, 1925, reciting the result of an audit of petitioner’s income and profits-tax returns for the years 1918 and 1919, and asserting deficiencies for both of said years and rejecting a claim for abatement of a jeopardy assessment for additional income and profits taxes for the year 1917.