Legal Opinion
Etta Potson Bodoglau, Administratrix of the Estate of Michael Potson, Deceased v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided February 29, 1956No. 11495_1PublishedCited by 82 opinions
1Opinion of the Court
DUFFY, Chief Judge.
This is an appeal from a decision of the Tax Court (22 T.C. 912) which determined that there were deficiencies in taxpayer’s income and victory tax for the calendar years 1936, 1941, 1942 and 1943, and deficiencies in fraud penalties for each of such years, and also for the year 1940. In this case the income of taxpayer was determined by the use of increase in net worth plus nondeductible expenditures method.
The Tax Court reduced the deficiencies and penalties as determined by the Commissioner from an aggregate of $255,-981.30 to $151,561.85, with a corresponding reduction…
2Cases cited16 opinions
- Holland v. United StatesSupreme Court of the United States · 1955
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Helvering v. MitchellSupreme Court of the United States · 1938
- United States v. CalderonSupreme Court of the United States · 1954
- Helvering v. KehoeSupreme Court of the United States · 1940
11 more not listed; retrieve them via the Exa API.
3Cited by82 opinions
- Charles Oran Mensik and Mary Mensik v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1964
- Estate of Beck v. Comm'rUnited States Tax Court · 1971
- John Factor v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1960
- Thomas W. Banks v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Ronald L. Lerch and Dalene Lerch v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Seventh Circuit · 1989
77 more not listed; retrieve them via the Exa API.