Stevens Mfg. Co. v. United States

GREEN, Judge.

For the years 1919, 1920, and 1921, plaintiff filed its returns and paid its taxes on a calendar-year basis. For the year 1921, the Commissioner of Internal Revenue proposed a deficiency and the plaintiff appealed to the Board of Tax Appeals on the ground that the Commissioner erroneously computed the tax by determining its income on a calendar-year basis. On the evidence presented the Board held that the taxpayer’s income should be computed on a fiscal-year basis ending September 30th, and determined that there was no deficiency for the year 1921.

Thereafter the plaintiff filed…