Case Name: E. Frank Pine, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1929-05-14
Citations: 16 B.T.A. 555
Docket Number: Docket No. 27573
Parties: E. Frank Pine, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 16
Pages: 555–556

Head Matter:
E. Frank Pine, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 27573.
Promulgated May 14, 1929.
Samuel P. Hagerman, Esq., for the petitioner.
Arthur Carnduff, Esq., for the respondent.

Opinion:
OPINION.
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.