Bishop v. Commissioner
United States Tax Court
Petitioner, Charles E. Bishop, owned and operated several movie theaters and rental properties during the taxable years involved herein. Held: 1. That respondent was justified in resorting to the net worth plus nondeductible expenditures method to show understatements of income for the years in issue.
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Petitioner, Charles E. Bishop, owned and operated several movie theaters and rental properties during the taxable years involved herein. Held: 1. That respondent was justified in resorting to the net worth plus nondeductible expenditures method to show understatements of income for the years in issue. Adjustments and understatements determined. 2. That some part of the deficiency for each of the taxable years 1947 through 1952 was due to fraud on the part of petitioners with intent to evade tax. Likewise, some part of the deficiency in income tax for each of the years 1953 and 1954, for which…
1Opinion of the Court
Ruth N. Bishop v. Commissioner. Charles E. Bishop v. Commissioner. Charles E. Bishop and Ruth N. Bishop v. Commissioner.
Bishop v. Commissioner
Docket Nos. 80489-80491.
United States Tax Court
T.C. Memo 1962-146; 1962 Tax Ct. Memo LEXIS 163; 21 T.C.M. (CCH) 760; T.C.M. (RIA) 62146;
June 19, 1962
Petitioner, Charles E. Bishop, owned and operated several movie theaters and rental properties during the taxable years involved herein.
Held:
1. That respondent was justified in resorting to the net worth plus nondeductible expenditures method to show understatements of income for the years in issue.…
2Cases cited39 opinions
- Holland v. United StatesSupreme Court of the United States · 1955
- Spies v. United StatesSupreme Court of the United States · 1943
- Condor Merritt v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1962
- Gano v. CommissionerUnited States Board of Tax Appeals · 1930
- William J. Drieborg and Laura D. Drieborg v. Commissioner of Internal Revenue, William J. Drieborg v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1955
34 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Shepherd v. Comm'rUnited States Tax Court · 2012