United States Tax Court August 19, 1966, Docket No. 1379-63 (Asphalt Industries, Inc. v. Commissioner)

lead-opinion

TRe Commissioner determined deficiencies in income tax against tRe petitioner for tRe fiscal years ended tRe last day of February 1955-60 as follows:

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At issue is whether Asphalt Industries, Inc., filed false and fraudulent returns with intent to evade taxes in each of the years in question, and whether it sustained theft losses in all or any of those years.