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" If any part of any deficiency is due to negligence, or intentional disregard of rules and regulations but without intent to defraud, 5 per centum of the total amount of the deficiency (in addition to such deficiency) shall be assessed, collected, and... "
Reports of the Tax Court of the United States - Page 123
by United States. Tax Court - 1963
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Regulations 67 Relating to Gift Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - 1924 - 76 pages
...until it is paid, and no other interest Shan be collected on such nnpaid amount for such period. (g) The 50 per centum addition to the tax provided by...subdivision (e) of this section shall not be applicable. SEC. 309. (a) (1) Where the amount determined by the executor as the tax imposed by Part I of this...
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Revenue Act of 1924: Hearings Before the Committee on Finance, United States ...

United States. Congress. Senate. Committee on Finance - 1924 - 468 pages
...of the total amount of the deficiency (in addition to such deficiency) shall be assessed, collected, and paid in the same manner as if it were a deficiency, except that the provisions of subdivisions (e) and (f) of section 274 shall not be applicable. The existing law imposes a flat penalty...
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - 1924 - 396 pages
...without intent to defraud, 5 per cent of the total amount of the deficiency shall be assessed, collected, and paid in the same manner as if it were a deficiency. This amount shall be in addition to the deficiency but shall not. be subject to the interest imposed...
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Procedure and Practice Before the United States Board of Tax Appeals

George Edwin Holmes, Kingman Brewster - 1925 - 248 pages
...paid, and no other interest shall be collected on such unpaid amount for such period. (g) The fifty per centum addition to the tax provided by section...subdivision (e) of this section shall not be applicable. Section 312. (a) If a deficiency has been assessed under subdivision (d) of Section 308, the executor,...
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A Treatise on the Law of Inheritance Taxation and the Federal Estate and ...

Lafayette Blanchard Gleason, Alexander Otis - 1925 - 1550 pages
...unpaid amount for such period. (g) The 50 per centum addition to the tax provided by section 3H7f> of the Revised Statutes, as amended, shall, when assessed...deficiency, except that the provisions of subdivision (el of this section shall not be applicable. unpaid amount at the rate of 1 per centum a month from...
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Income Tax Accounting

John F. Sherwood - 1925 - 206 pages
...of the total amount of the deficiency (in addition to such deficiency) shall be assessed, collected, and paid in the same manner as if it were a deficiency, except that the provisions of subdivisions (e) and (f) of section 274 shall not be applicable. (b) If any part of any deficiency...
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Federal Income and Estate Tax Laws: Correlated and Annotated, Being a ...

Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...of the total amount of the deficiency (in addition to such deficiency) shall be assessed, collected, and paid in the same manner as if it were a deficiency, except that the provisions of subdivisions (e) and (f ) of section 274330 shall not be applicable. SEC. 275. (b) If any part of any...
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Questions and Answers on Federal Tax Laws: Based on Revenue Act of 1924 and ...

Irving Bank-Columbia Trust Company - 1925 - 152 pages
...of the total amount of the deficiency (in addition to such deficiency) shall be assessed, collected, and paid in the same manner as if it were a deficiency, except that the provisions of subdivisions (e) and (f) of section 274 shall not be applicable. (b) If any part of any deficiency...
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Cases on Federal Taxation, Volume 1

Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...and no other interest shall be collected on such unpaid amount for such period. (g) The 50 per cent addition to the tax provided by section 3176 of the...deficiency, except that the provisions of subdivision (c) of this section shall not be applicable. SEC. 309. (a) (1) Where the amount determined by the executor...
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Reports of the U.S. Board of Tax Appeals, Volume 1

United States. Board of Tax Appeals - 1926 - 1508 pages
...The subdivision provides as follows: The 50 per centum addition to the tax provided by section 8176 of the Revised Statutes, as amended, shall, when assessed...paid In the same manner as if it were a deficiency. * * * (Italics ours.) The congressional intent with respect to the correct interpretation of the taxing...
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