A. Raymond Jones and Mary Lou Jones, Husband and Wife v. Commissioner of Internal Revenue

CAMERON, Circuit Judge.. .... The question upon which this petition for review of the deciaion of the Tax Court will be decided is whether that de-cisión was clearly erroneous in its finding- that a part of the deficiency for each 0f the years 1948 and 1949 was due to fraud with intent to evade tax. 1 The Tax Court assessed the fraud penalty in addition to the 25 per cent penalty provided by § 291(a) of the same Code, as well as the 10 per cent penalty under § 294(d) (1) (A), and the 6 per cent penalty imposed by § 294(d) (2). 2. . ,. . A number of questions were dealt with by the Tax Court,…