Hermax Co. v. Commissioner

Third Circuit

Hermax Co. v. Commissioner

175 F.2d 776, 38 A.F.T.R. (P-H) 126, 1949 U.S. App. LEXIS 4484

Court of Appeals for the Third Circuit·Decided July 29, 1949·No. No. 9901·Published·Cited by 2 cases

Opinion

PER CURIAM.

We agree with ‘the Tax Court that the taxpayer has not shown reasonable cause for its failure to file personal holding company returns. Cf. our decision in Hatfried, Inc. v. Commissioner of Internal Revenue, 162 K2d 628. It follows that the taxpayer must be held liable for the statutory penalty for the years involved. Accordingly the decision of the Tax Court will be affirmed on its decision as reported in 11 T.C. 442.

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PER CURIAM.

We agree with ‘the Tax Court that the taxpayer has not shown reasonable cause for its failure to file personal holding company returns. Cf. our decision in Hatfried, Inc. v. Commissioner of Internal Revenue, 162 K2d 628. It follows that the taxpayer must be held liable for the statutory penalty for the years involved. Accordingly the decision of the Tax Court will be affirmed on its decision as reported in 11 T.C. 442.

Hermax Co. v. Commissioner, 175 F.2d 776, 38 A.F.T.R. (P-H) 126, 1949 U.S. App. LEXIS 4484 (3d Cir. 1949).

Pincite

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Opinion

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