Hermax Co. v. Commissioner
U.S. Court of Appeals for the Third Circuit
Hermax Co. v. Commissioner, 175 F.2d 776 (3d Cir. 1949)
38 A.F.T.R. (P-H) 126; 1949 U.S. App. LEXIS 4484
Hermax Co. v. Commissioner
Opinion of the Court
We agree with ‘the Tax Court that the taxpayer has not shown reasonable cause for its failure to file personal holding company returns. Cf. our decision in Hatfried, Inc. v. Commissioner of Internal Revenue, 162 K2d 628. It follows that the taxpayer must be held liable for the statutory penalty for the years involved. Accordingly the decision of the Tax Court will be affirmed on its decision as reported in 11 T.C. 442.
Reference
- Full Case Name
- HERMAX CO., Inc. v. COMMISSIONER OF INTERNAL REVENUE
- Cited By
- 2 cases
- Status
- Published