Badger Lumber Co. v. Commissioner

OPINION.

Lansdon:

The respondent has determined a deficiency in income tax for the fiscal year ended April 30, 1923, in the amount of $8,560.52, and overassessments for the fiscal years ended April 30, 1924 and 1925, in the respective amounts of $27.36 and $1,655.81. At the hearing the parties agreed that this Board has no jurisdiction as to the overassessments determined by the respondent as above set out. On the authority of Cornelius Cotton Mills, 4 B. T. A. 255, the petition as to such years is dismissed. The petitioner alleges five errors of the respondent in computing its tax liability…