Yellow Cab Co. v. Commissioner
United States Tax Court
False Issue -- Commissioner Still Auditing Return. -- A net operating loss question still being timely considered by the Commissioner in the course of his audit of a return may not be the basis of a proper issue before the Tax Court.
1Opinion of the Court
Yellow Cab Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Yellow Cab Co. v. Commissioner
Docket No. 1512-62
United States Tax Court
43 T.C. 125; 1964 U.S. Tax Ct. LEXIS 23;
November 5, 1964, Filed November 5, 1964, Filed
Decision will be entered for respondent per stipulation.
False Issue -- Commissioner Still Auditing Return. -- A net operating loss question still being timely considered by the Commissioner in the course of his audit of a return may not be the basis of a proper issue before the Tax Court.
Lawrence Casey, for the petitioner.
Jay B. Kelly, for the respondent.
Murdoc…
2Cases cited4 opinions
- Spector v. CommissionerUnited States Tax Court · 1964
- Andrew Little, Jr., and Myrn Little v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1961
- Yellow Cab Co. v. CommissionerUnited States Tax Court · 1964
- Thomas Cusack Co. v. CommissionerUnited States Board of Tax Appeals · 1929