Jagerson Fuel Co. v. Commissioner
United States Board of Tax Appeals
1. Merchandise purchased by petitioner, title to which remained in seller, can not be included in inventory, if any, kept by petitioner. 2. No abnormality having been shown to exist, held, petitioner not entitled to benefit of special assessment provision.
1Opinion of the Court
JAGERSON FUEL COMPANY, SUCCESSOR TO DEFNET & JAGERSON COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Jagerson Fuel Co. v. Commissioner
Docket No. 19795.
United States Board of Tax Appeals
24 B.T.A. 871; 1931 BTA LEXIS 1582;
November 23, 1931, Promulgated
1. Merchandise purchased by petitioner, title to which remained in seller, can not be included in inventory, if any, kept by petitioner.
2. No abnormality having been shown to exist, held, petitioner not entitled to benefit of special assessment provision.
Frank W. Wilson, C.P.A., for the petitioner.
F. R. Shearer, Esq., for the…
2Cases cited1 opinion
- Jagerson Fuel Co. v. CommissionerUnited States Board of Tax Appeals · 1931