Covert Gear Co. v. Commissioner

APPEAL OF COVERT GEAR COMPANY, INC.

Covert Gear Co. v. Commissioner

Docket No. 7101.

United States Board of Tax Appeals

4 B.T.A. 1025; 1926 BTA LEXIS 2095;

September 25, 1926, Decided

Lawrence A. Baker, Esq., for the petitioner.

John D. Foley, Esq., for the Commissioner.

LITTLETON

LITTLETON: On October 8, 1918, petitioner filed an income and profits-tax return, Form 1031, under the provisions of the Revenue Act of 1916, as amended by the Revenue Act of 1917, for the fiscal year ending July 31, 1918, showing a tax amounting to $41,390.97, which was assessed on November 9, 1918.

On February 24, 1919, the…