Case: Evergreen Road Land Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Evergreen Road Land Co. v. Commissioner
Decision Date: 1929-06-13
Docket Number: Docket No. 21644
Citation: 16 B.T.A. 1042
Volume: 16
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Evergreen Road Land Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 1042–1043

Head Matter:
Evergreen Road Land Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 21644.
Promulgated June 13, 1929.
Don F. Reed, Esq., for the petitioner.
G. E. Curl, Esq., and A. H. Murray, Esq., for the respondent.

Opinion:
OPINION.
MaRQUette:
This case is similar in its facts to and identical in principle with Fred T. Ley & Co.,9 B. T. A. 749, and on the authority of the decision therein we hold that the return filed by the petitioner on July 26,1921, was a legal return for the fiscal year ended May 31, 1921, and operated to start the running of the four-year period for assessment and collection provided by section 250 (d) of the Revenue Act of 1921. That period expired July 26, 1925, and the assessment made by the respondent on October 5, 1926, was, therefore, of no force or effect. Assessment and collection of the additional tax are barred by the statute of limitation and there is no deficiency. See, also, M. Brown & Co., 9 B. T. A. 753; Palmetto Coal Co., 11 B. T. A. 154.
Judgment of no deficiency will be entered.