Clendening Co. v. Commissioner
United States Board of Tax Appeals
A taxpayer may not change the basis of reporting income without complying with the regulations prescribed by the Commissioner pursuant to statutory authority.
1Opinion of the Court
*623OPINION.
Trammell:
The questions presented are whether the Commissioner may compel this taxpayer to pay its income and profits taxes for the period from August 1,1918, to July 31, 1920, on a fiscal year basis ended July 31 of each year, and whether the Commissioner may compute the income of the taxpayer, for income and profits tax purposes, for the period from August 1, 1920, to July 31, 1921, by taking the income as shown by the books of the taxpayer from August 1, 1920, to December 31, 1920, and adding to that amount seven-twelfths of the taxpayer’s income for the calendar year 1921 as shown…
2Cited by5 opinions
- Drazen v. CommissionerUnited States Tax Court · 1960
- Clendening Co. v. CommissionerUnited States Board of Tax Appeals · 1925
- Drazen v. CommissionerUnited States Tax Court · 1960
- Grolier Soc'y Inc. v. CommissionerUnited States Tax Court · 1953
- Thorlight-Duncker Carpet Co. v. CommissionerUnited States Board of Tax Appeals · 1931