Arctic Ice Cream Co. v. Commissioner
United States Tax Court
1. During the years 1944, 1945, and 1946 the corporate petitioner understated its sales of ice cream and related frozen dairy products. During these same years it also understated its purchases of black-market raw materials used in the manufacture of its products.
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1. During the years 1944, 1945, and 1946 the corporate petitioner understated its sales of ice cream and related frozen dairy products. During these same years it also understated its purchases of black-market raw materials used in the manufacture of its products. Held, amount of understated sales, understated purchases, and understated income determined. 2. On the facts, held, a part of the deficiencies in income, declared value excess-profits, and excess profits taxes of the corporate petitioner for the year 1944 was due to fraud with intent to evade tax. 3. The corporate petitioner was…
1Opinion of the Court
Dawson, Judge:
Respondent determined the following deficiencies in income tax, declared value excess profits tax, excess profits tax, and additions to tax under section 293 (b) of the Internal Revenue Code of 1939:
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The issues for decision are as follows:(1) Whether Arctic Ice Cream Co. failed to report income for the years 1944, 1945, and 1946 in the amounts determined by respondent or in any other amounts.(2) Whether Arctic Ice Cream Co. is entitled to additional deductions for the years 1944, 1945, and 1946 for alleged unrecorded purchases of raw material.(3) Whether any part of…
2Cases cited13 opinions
- Kercheval v. United StatesSupreme Court of the United States · 1927
- Amos v. CommissionerUnited States Tax Court · 1964
- Last Chance Mining Co. v. Tyler Mining Co.Supreme Court of the United States · 1895
- Chesbro v. CommissionerUnited States Tax Court · 1953
- United States v. AccardoDistrict Court, D. New Jersey · 1953
8 more not listed; retrieve them via the Exa API.
3Cited by121 opinions
- Stone v. CommissionerUnited States Tax Court · 1971
- Otsuki v. CommissionerUnited States Tax Court · 1969
- Haldane M. Plunkett v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1972
- Brooks v. CommissionerUnited States Tax Court · 1984
- Rodney v. Comm'rUnited States Tax Court · 1969
116 more not listed; retrieve them via the Exa API.