Case Name: Appeal of M. FOX & SONS CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1926-07-21
Citations: 4 B.T.A. 302
Docket Number: Docket No. 5645
Parties: Appeal of M. FOX & SONS CO.
Judges: Before Marquette, Mokeis, Green, and Love.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 4
Pages: 302–303

Head Matter:
Appeal of M. FOX & SONS CO.
Docket No. 5645.
Decided July 21, 1926.
Charles H. Schnepfe, C. P. A., for'the petitioner.
Joseph K. Moyer, Esq., for the Commissioner.
Before Marquette, Mokeis, Green, and Love.

Opinion:
OPINION.
GReen:
Section 327 of the Revenue Act of 1918 sets forth the cases in which the tax shall be determined as provided in section 328. There is no direct evidence that the Commissioner was able to determine the invested capital of the corporation, but it is obvious that he has done so. This eliminates paragraph (a) of section 327. Paragraphs (b) and (c) are inapplicable. Paragraph (d) relates to abnormalities affecting capital or income. We are unable to ascertain from the record the amount of invested capital allowed by the Commissioner and there is no evidence of any abnormality of either capital or income.
The deficiency is $8,052.17. Order will be entered accordingly.