Edgar L. Grubb v. Commissioner of Internal Revenue

McALLISTER, Senior Circuit Judge.

This is a petition for review of the decision of the Tax Court in which it found petitioner liable for income tax deficiencies in the amount of $149,635.08 for the years 1941 to 1945 inclusive, and for fraud penalties in the amount of $74,935.-22 for the same period. Petitioner admitted that the method of preparing his income tax returns showed an understate ment aggregating $81,812.16 for the above period of five years.

The facts, in large part, are similar to those in many cases which have come before this Court, where we have either found the taxpayer liable…