Carlton Bldg. Co. v. Commissioner

OPINION.

Lansdon :

The petitioner is a Colorado corporation with its principal office at Denver. The respondent has determined a deficiency in income tax for' the year 1926 in the amount of $1,241.99, to which he has added a 50 percent fraud penalty and interest in the respective amounts of $621 and $406.91. No evidence was introduced as to the deficiency asserted. The determination of the respondent is affirmed.

*600The respondent supported his affirmative allegation of fraud by oral and documentary evidence. From such evidence we find as a fact that in the taxable year the petitioner deducted from…