National Bank of Commerce v. Commissioner
United States Board of Tax Appeals
1. STATUTE OF LIMITATIONS. - Held that the respondent has failed to establish the validity of a waiver executed by a former officer of the National Bank of Commerce more than five years after the filing of the return.
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1. STATUTE OF LIMITATIONS. - Held that the respondent has failed to establish the validity of a waiver executed by a former officer of the National Bank of Commerce more than five years after the filing of the return. Assessment against that bank held to be barred. 2. Id. - TRANSFEREE. - Notice of deficiency having been mailed to the City National Bank as transferee of the National Bank of Commerce within one year after the statute had run against the transferor, held that the notice was timely and assessment is not barred. City National Bankheld to be a transferee of the National Bank of…
1Opinion of the Court
NATIONAL BANK OF COMMERCE, SUCCEEDED BY CITY NATIONAL BANK OF COMMERCE, SUCCEEDED BY CITY NATIONAL BANK, WICHITA FALLS, TEX., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
CITY NATIONAL BANK, WICHITA FALLS, TEX., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
National Bank of Commerce v. Commissioner
Docket Nos. 19641, 22615.
United States Board of Tax Appeals
19 B.T.A. 1080; 1930 BTA LEXIS 2269;
May 23, 1930, Promulgated
1. STATUTE OF LIMITATIONS. - Held that the respondent has failed to establish the validity of a waiver executed by a former officer of the National…
2Cases cited1 opinion
- National Bank of Commerce v. CommissionerUnited States Board of Tax Appeals · 1930