First Nat'l Bank v. Commissioner

FIRST NATIONAL BANK IN WICHITA, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

First Nat'l Bank v. Commissioner

Docket Nos. 29675, 42106.

United States Board of Tax Appeals

19 B.T.A. 744; 1930 BTA LEXIS 2334;

April 28, 1930, Promulgated

Held, under the circumstances as shown, it is not established that the petitioner received, during the years involved, the tax-exempt income in controversy.

Phil D. Morelock, Esq., and Dudley Doolittle, Esq., for the petitioner.

Philip M. Clark, Esq., for the respondent.

LANSDON

The respondent determined deficiencies of income taxes for the calendar years…