Barnett Anchor Oil Co. v. Commissioner

BARNETT ANCHOR OIL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Barnett Anchor Oil Co. v. Commissioner

Docket No. 30994.

United States Board of Tax Appeals

25 B.T.A. 746; 1932 BTA LEXIS 1491;

February 29, 1932, Promulgated

Melvin D. Wilson, Esq., and Joseph D. Peeler, Esq., for the petitioner.

Arthur Carnduff, Esq., for the respondent.

MATTHEWS

This proceeding arises upon a determination of deficiencies in petitioner's income tax for the years 1923, 1924 and 1925, in the amounts of $5,892.71, $18,164.56 and $27,645.75, respectively. Two questions are raised by the…