Great West Printing Co. v. Commissioner

STONE, Circuit Judge.

This is a petition for review of an order of the Board of Tax Appeals affirming a ro-determination by the Commissioner of the *750income tax of petitioner for the year-1921. The only question presented hy this petition is whether or not the Board was right in its determination that the taxable year-of petitioner was a fiscal year ending May 31,1921, or was, as contended by petitioner, the calendar year 1921.

Section 212(b) of the Revenue Act of 1921 (42 Stat. 227, 237) is, in part, as follows: “The net income shall be computed upon the basis of the taxpayer’s annual accounting…