Weaver v. Commissioner
United States Board of Tax Appeals
1. Determinations of the Commissioner involving inventories which have compensating effects upon succeeding taxable years will not be disturbed in the absence of convincing evidence of error. 2. The Board will not consider issues of fact not raised by the pleadings and set up for the first time in briefs filed after hearing.
1Opinion of the Court
*710OPINION.
James:
The taxpayers bring to the Board allegations of error in the closing inventories of the years 1918 and 1919, by which it is sought to increase the closing inventory for 1918 by 212 bales of cotton, at an alleged value of $27,615.69, and to decrease the inventory at the end of 1919 by 43 bales of cotton at an alleged value of $14,496.88. Voluminous testimony was taken by deposition, from which it appears that 212 bales of cotton were sold by the Greenwood Pickery in February, 1919, but the testimony wholly fails to show when this cotton was acquired, or that it was on hand…
2Cited by7 opinions
- Commissioner of Internal Revenue v. SussmanCourt of Appeals for the Second Circuit · 1939
- Coosa Land Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- Estate of Cohn v. CommissionerUnited States Tax Court · 1974
- Amco Inv. Co. v. CommissionerUnited States Tax Court · 1945
- Estate of Cohn v. CommissionerUnited States Tax Court · 1974
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