Opinion · United States Tax Court

Rice v. Commissioner

14 T.C. 503

Type
Opinion
Court
United States Tax Court
Jurisdiction
Federal
Date
1950-03-30
Topic
bankruptcy

OPINION. Ttoner, Judge: Since the petitioner has not alleged any error by respondent in the determination of the deficiency, our only questions here are as to the correctness of the respondent’s determination of fraud and of petitioner’s liability to a delinquency penalty for the late filing of his return. Deductions, comparatively substantial in amount and to which petitioner was not entitled, were claimed by him on his return. Further, the description of some of the items as they appear on the schedule attached to the return are admittedly not correct. It is the respondent’s contention that the claims of the deductions under such circumstances not only were false, but were due to fraud with intent to evade tax, with the result that a part of the deficiency is due to fraud and the 50 per cent addition to tax therefore applies.

Citator

UpLaw has not yet analyzed Rice v. Commissioner. The absence of a flag is not a finding that it is good law.

Cited by
10 opinions