S. W. ANDERSON CO. v. GLENN

No. 43.

43 F.Supp. 334 (1942)

S. W. ANDERSON CO. v. GLENN, Collector of Internal Revenue.

District Court, W. D. Kentucky, Owensboro.

February 24, 1942.


Attorney(s) appearing for the Case

John Bentley Anderson, of Owensboro, Ky., for plaintiff.

Eli H. Brown, III, U. S. Dist. Atty., and Malcolm P. Wallace, Asst. U. S. Atty., both of Louisville, Ky., for defendant.


SWINFORD, District Judge.

This is an action brought by the S. W. Anderson Company, a corporation, to recover certain income tax payments declared to be due and collected for the years of 1935 and 1936 under the Internal Revenue Act of 1934, 26 U.S.C.A. Int.Rev.Code, § 23, which reads as follows:

"In computing net income there shall be allowed as deductions: * * *

"All the ordinary and necessary expenses paid or incurred during the taxable year...

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