Chesapeake & Virginian Coal Co. v. Commissioner

The petitioner filed its income and profits-tax return for the calendar year 1918 on June 16, 1919. On February 6, 1924, the petitioner and the Commissioner executed a consent pursuant to the provisions of section 250(d) of the Revenue Act of 1921, whereby the petitioner consented to a determination, assessment, and collection of the amount of income, excess-profits, and war-profits taxes for the year 1918, the consent to remain in effect for a period of one year after the expiration of such statutory period as extended by consents already on file in the Commissioner's office. This consent…