Griffiths v. Commissioner

OPINION.

McMahon :

On February 7, 1929, the Board rendered its opinion in the above entitled proceeding and therein held that the respondent’s action in including in petitioner’s taxable income for the year 1919 the amount of $87,926.63 representing bond premiums was correct. The Board also held that the petitioner’s tax return filed for the year 1919 was willfully fraudulent and that the petitioner was liable to the assessment of the penalty provided by statute in such case. John Griffiths, 15 B.T.A. 252. On March 29, 1929, the Board entered its decision, holding that there was a deficiency in…