Farmers Elevator Co. v. Commissioner

FARMERS ELEVATOR CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Farmers Elevator Co. v. Commissioner

Docket No. 13424.

United States Board of Tax Appeals

13 B.T.A. 1079; 1928 BTA LEXIS 3106;

October 17, 1928, Promulgated

Held, that at the date of the deficiency notice the statute of limitations had run against the assessment and collection of any additional taxes. Fred T. Ley & Co.,9 B.T.A. 749.

C. H. Preston, C.P.A., for the petitioner.

Arthur H. Murray, Esq., for the respondent.

LANSDON

The respondent asserts a deficiency in income and profits tax for the fiscal year ended June 30,…