Pine v. Commissioner

Board of Tax Appeals

Pine v. Commissioner

16 B.T.A. 555

CourtUnited States Board of Tax Appeals

DecidedMay 14, 1929

DocketDocket No. 27573

StatusPublished

This text of 16 B.T.A. 555 (Pine 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.

Bluebook

Pine v. Commissioner, 16 B.T.A. 555 (bta 1929).

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Opinion

[556]*556OPINION.

MaRqtjette :

The facts in this proceeding speak for themselves. It is clear that the petitioner overstated his gross income on his return by the amount of $23,921.60, and that he attempted to compensate therefor by a fictitious deduction under item 16 of the return. The respondent properly disallowed the deduction, but the result is that the petitioner’s net income as determined by the respondent is excessive to the extent of $23,921.60. Both the deduction and the amount erroneously reported as income should be eliminated from the return.

Judgment will l>e entered under Rule 50.

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[556]*556OPINION.

MaRqtjette :

The facts in this proceeding speak for themselves. It is clear that the petitioner overstated his gross income on his return by the amount of $23,921.60, and that he attempted to compensate therefor by a fictitious deduction under item 16 of the return. The respondent properly disallowed the deduction, but the result is that the petitioner’s net income as determined by the respondent is excessive to the extent of $23,921.60. Both the deduction and the amount erroneously reported as income should be eliminated from the return.

Judgment will l>e entered under Rule 50.

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Bluebook (online)

16 B.T.A. 555, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pine-v-commissioner-bta-1929.