# Chicago Nut Co. v. Commissioner

> United States Board of Tax Appeals · November 24, 1926 · 5 B.T.A. 614

URL: https://www.frixlaw.com/law-library/cases/4499452

## Case

- **Full name:** CHICAGO NUT CO., <emphasis typestyle="it">v.</emphasis> COMMISSIONER OF INTERNAL REVENUE
- **Court:** United States Board of Tax Appeals
- **Decided:** November 24, 1926
- **Citations:** 5 B.T.A. 614; 1926 BTA LEXIS 2827
- **Precedential status:** Published
- **Opinion:** Opinion of the court by Morris
- **Judges:** Morris
- **Cited by:** 0 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4499452

## Opinion text

OPINION.
MoRRis:
The petitioner contends that its net income for 1922, after making due allowance for net loss in the year 1921 and applying *615 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.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4499452. Public record. Not legal advice.