Easterwood v. Commissioner
United States Board of Tax Appeals
The petitioners' books of account were kept on the calendar year basis for the years from 1924 to 1930, inclusive, and their income tax returns were duly filed in accordance therewith. Held, that deficiencies for the fiscal years ended at July 31, 1926 and 1927, were erroneously determined.
1Opinion of the Court
*1285OPINION.
Lansdon:
Since it is admitted that each of the petitioners filed income tax returns during the whole period under review on the calendar year basis, the only question here is whether their books were kept on the same basis and truly reflected income. W. E. Easterwood filed his first return in 1924 on the calendar year basis and, in the circumstances set out in our findings, he then established his right to file all subsequent returns on the same basis except upon *1286the Commissioner’s permission to change or upon the determination by that officer that such returns were not based upon his…
2Cases cited2 opinions
- Brooklyn City R.R. v. CommissionerUnited States Board of Tax Appeals · 1932
- Duriron Co. v. CommissionerUnited States Board of Tax Appeals · 1929
3Cited by2 opinions
- Pollock v. United StatesCourt of Appeals for the Fifth Circuit · 1953
- Easterwood v. CommissionerUnited States Board of Tax Appeals · 1933