# Gardner & Adams Co. v. Commissioner

> United States Board of Tax Appeals · September 28, 1925 · 2 B.T.A. 611

URL: https://www.frixlaw.com/law-library/cases/4589785

## Case

- **Full name:** APPEAL OF GARDNER & ADAMS CO.
- **Court:** United States Board of Tax Appeals
- **Decided:** September 28, 1925
- **Citations:** 2 B.T.A. 611; 1925 BTA LEXIS 2309
- **Precedential status:** Published
- **Opinion:** Opinion
- **Judges:** Aeundell, James, Littleton, Smith, Teussell
- **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/4589785

## Opinion text

APPEAL OF GARDNER & ADAMS CO.
Gardner & Adams Co. v. Commissioner
Docket No. 1008.
United States Board of Tax Appeals
2 B.T.A. 611 ; 1925 BTA LEXIS 2309 ;
September 28, 1925 , Decided Submitted May 18, 1925 .
*2309 Walter G. Moyle, Esq., for the taxpayer.
A. R. Marrs, Esq., for the Commissioner.
*611 Before JAMES, LITTLETON, SMITH, and TRUSSELL.
This is an appeal from the determination of a deficiency in income and profits tax for the fiscal year ended January 31, 1920, in an amount not stated in the petition but alleged to be less than $10,000. The taxpayer claims abnormalities so as to entitle it to assessment under the provisions of section 328.
FINDINGS OF FACT.
The taxpayer is a Utah corporation with its principal office in Salt Lake City. During the taxable year ended January 31, 1920, the taxpayer paid in total officers' salaries an amount of $12,350, which amount was 1.73 per cent of the gross sales of the taxpayer, 4.69 pet cent of its gross profit, and 9.56 per cent of its net profit. The percentage of net income to gross profit was 51.98. Dividends were paid by the taxpayer during the year ended January 31, 1920, in the amount of $37,000. It is alleged in the petition but not admitted in the answer that the percentage of total profits tax determined is 30 per cent of the net income.
DECISION.
The determination of the Commissioner is approved.
*2310 ARUNDELL not participating.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4589785. Public record. Not legal advice.