Beverly Wall Paper Co. v. Commissioner

DICKINSON, District Judge.

This is a deficiency tax assessment case. The taxpayer made its return following which the Commissioner gave notice of a.deficiency assessment, levying an additional income and excess profits tax against the taxpayer. The latter appealed to the Board of Tax Appeals which sustained the Commissioner. The taxpayer thereupon appealed to this Court petitioning for a review. The answer to one of the questions raised and discussed disposes of all. It having been arranged that the affairs of the Corporation taxpayer should be wound up; the Corporation dissolved and its…