Chicago Nut Co. v. Commissioner
This text of 5 B.T.A. 614 (Chicago Nut Co. v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
OPINION.
The petitioner contends that its net income for 1922, after making due allowance for net loss in the year 1921 and applying [615]*615the provisions of section 204 of the Revenue Act of 1921, is less than $25,000, and that it is thereby entitled to the $2,000 credit. That question has already been decided adversely to the petitioner in the Appeals of American Varnish Co., 2 B. T. A. 201, and S. W. Bridges & Co., 4 B. T. A. 750, and upon the authority of those appeals the determination of the Commissioner is approved.
The deficiency for 1922 is $815.80. Order will he entered accordingly.
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Cite This Page — Counsel Stack
5 B.T.A. 614, 1926 BTA LEXIS 2827, Counsel Stack Legal Research, https://law.counselstack.com/opinion/chicago-nut-co-v-commissioner-bta-1926.