Fuller v. Commissioner

Decided 1953-05-13

Cited by 131 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

OPINION. Johnson, Judge: Petitioner reported gross profit of $46,865.36 in 1949 on gross sales of $393,469.72, by wholesale and retail, of intoxicating beverages in a business he admits was illegal under the laws of Oklahoma. He computed the gross profit by the inventory method. After an examination of petitioner’s income tax liability for 1948, 1949, and 1950…

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