United States Board of Tax Appeals July 10, 1934, Docket No. 50644. (Marbelite Corp. of America v. Commissioner)

lead-opinion

OPINION.

Marquette :

The respondent has determined a deficiency in income tax for the year 1926 in the amount of $856.87. The only error alleged is that the respondent has included in the taxable income of the petitioner for the year 1926 the sum of $6,347.18, on the ground that this amount constituted undistributed profits of certain *1152trusts.