Grange Nat'l Bank v. Commissioner

opinion.

Murdock:

On July 7, 1930, the Commissioner sent a deficiency notice to “ The Grange National Bank, Patton, Pennsylvania,” stating that a deficiency in income taxes in the amount of $1,347.55 had been assessed against it for the period from January 1 to August 31, 1928. On August 30,1930, a petition wras filed with the Board under the caption, “ The Grange National Bank, Petitioner,” alleging that the petitioner was a corporation duly organized under the laws of Pennsylvania on August 8,1906, to conduct the business of a national bank under the National Banking Act; it conducted a…