Pennant Cafeteria Co. v. Commissioner

Sternhagen:

The petitioner contests the determination of an aggregate deficiency of $2,558.28 for the years 1921, 1922, and 1923. It alleges in its petition and proves that its books for the years prior to 1922 were all destroyed in a fire which occurred in August 1922. A revenue agent made an investigation of the petitioner’s returns and upon his recommendation the Commissioner made certain adjustments upon which the deficiency is founded. The petitioner took the depositions orally of two witnesses, one its secretary, treasurer and manager in whose charge the books of account were kept, and…