Case Name: Chicago Nut Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1926-11-24
Citations: 5 B.T.A. 614
Docket Number: Docket No. 19180
Parties: Chicago Nut Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 5
Pages: 614–615

Head Matter:
Chicago Nut Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 19180.
Decided November 24, 1926.
V. E. Wilde, for the petitioner.
Joseph K. Moyer, Esq., for the respondent.

Opinion:
OPINION.
MoRRis:
The petitioner contends that its net income for 1922, after making due allowance for net loss in the year 1921 and applying the 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.