Rentie v. Commissioner

OPINION.

Lansdon :

This proceeding was instituted for a redetermination of deficiencies in income tax and penalties asserted by the respondent as follows:

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The petitioner alleges error on the part of the respondent as follows: (1) In refusing to exempt the income of petitioner, who is a citizen of the Five Civilized Tribes of Indians, received from land allotted to her by the United States; (2) in adding to petitioner’s gross income for 1921 the amount of $80,000 received as bonus for an oil and gas lease on her property; (3) in disallowing deductions for alleged expenses amounting…