Case: Chicago Insulated Wire & Manufacturing Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Chicago Insulated Wire & Manufacturing Co. v. Commissioner
Decision Date: 1928-03-07
Docket Number: Docket No. 2380
Citation: 10 B.T.A. 1195
Volume: 10
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Chicago Insulated Wire & Manufacturing Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 1195–1196

Head Matter:
Chicago Insulated Wire & Manufacturing Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 2380.
Promulgated March 7, 1928.
Albert W. Torbet, Esq., for the petitioner.
Alva G. Baird, Esq., for the respondent.

Opinion:
OPINION.
Littleton:
The written consent entered into between petitioner and the Commissioner expired April 1, 1924. The Commissioner made the assessment on March 25, 1924, which was within the period agreed upon. The amount assessed and now claimed by the Commissioner has never been collected. Since the five-year period within which the Commissioner might collect any amount from the taxpayer as a tax expired under the statute and the consent before the passage of the Revenue Act of 1924, collection of the proposed deficiency is now barred by the statute of limitations. Ocean Accident & Guarantee Corporation, Ltd., 6 B. T. A. 1045; Theodore H. Wickwire, Jr., et al., Executors, 10 B. T. A. 102; Bowers v. New York & Albany Lighterage Co., 273 U. S. 346.
Judgment of no deficiency will be entered.