United States Board of Tax Appeals April 26, 1940, Docket Nos. 90515, 95674, 96186. (Page Oil Co. v. Commissioner)

lead-opinion

*957OPINION.

Leech :

Petitioner introduced no evidence and made no contentions on brief as to the so-called “management fee” of $16,800 nor as to the $147 paid on account of a capital stock tax. Having recourse to the usual presumption of correctness, respondent’s actions in these two respects are sustained.