First Trust & Savings Bank of Davenport, Iowa v. United States

_. , , ’ lrcmt Juc St-

This action was brought by Henry A. Kraftmeyer in his lifetime to recover amounts paid by him on accounts of 50 percent fraud penalties that he claimed were . , . ... wrongfully assessed against him in respect to deficiencies in his income taxes. On the trial to the court without a jury there was judgment of dismissal at the costs of tile plaintiff and he appealed. He died on JalMary 24) 1953, and the administrator of his estate has been substituted as appellant.

The 50 percent “fraud penalties” were assessed on the ground that deficiencies in his income taxes for the…