Equitable Gas Co. v. Commissioner

OPINION.

Murdock:

The Commissioner sent the petitioner a notice under section 280 of the Revenue Act of 1926 stating “ there is proposed for assessment against you the amount of $10,448.32, constituting your liability as transferee of the assets of the Peoples Natural Gas & Pipeage Company, Pittsburgh, Pennsylvania, for the years 1917 and 1918, and the period ended May 31, 1919, as shown in the attached statement and accompanying schedules.” The statement showed deficiencies as follows:

1917_ $680.14

1918_ 371. 70

To May 31, 1919_ 9, 396.48

Total_ 10,448.32

At the hearing the parties entered into a…