Nash-Breyer Motor Co. v. Burnet

Petitioner, a Delaware corporation having its principal office in California, filed federal income and profits tax returns for its fiscal years 1920 and 1921 with the Collector of Internal Revenue for its district in that state. Following a decision of the Board of Tax Appeals which upheld respondent's determination of tax deficiencies against petitioner for both years, 14 B. T. A. 546, petitioner and respondent entered into an agreement, stated to be pursuant to § 1002 1 of the Revenue Act of 1926, 44 Stat. 110, that the decision of the Board might be reviewed by the Court of Appeals for the…