Mann v. Commissioner

ROBB, Associate Justice.

The appeal involves income and profits taxes for the fiscal year ending January 31,1920, in the amount of $10,374.56.

°The material facts as found by the Board are as follows: “The petitioner (appellant here) is a cotton planter, merchant, lender of money, director of several banks, and a member of several partnerships, with his residence and principal place of business at Glen Allan, Miss. His income-tax return for the calendar year 1919, and an amended return for the fiscal year ended January 31, 1920, show that they were made on the basis of income ‘received.’ His…