Modern Electric & Machine Co. v. Commissioner

*849 Before IVINS, KORNER, and MARQUETTE.

This appeal is based on the Commissioner's deficiency letter dated December 12, 1924, asserting a deficiency in income tax of $2.79 for the year 1920. The taxpayer contends, and the Commissioner's answer, admitting error, concedes, that the deficiency arose as a result of the Commissioner's action in taking the taxpayer's net income as reported by a revenue agent to be $7,990.45 rather than the amount actually so reported, which is $7,216.91.

DECISION.

The deficiency determined by the Commissioner is disallowed.