LYON v. UNITED STATES

No. M-378.

5 F.Supp. 138 (1933)

LYON v. UNITED STATES.

Court of Claims.

December 4, 1933.


Attorney(s) appearing for the Case

Frank J. Albus, of Washington, D. C., for plaintiff.

Joseph H. Sheppard, of Washington, D. C., and Frank J. Wideman, Asst. Atty. Gen. (William W. Scott and Elizabeth B. Davis, both of Washington, D. C., on the brief), for the United States.

Before BOOTH, Chief Justice, and GREEN, WHALEY, WILLIAMS, and LITTLETON, Judges.


GREEN, Judge.

There is no controversy over the facts in this case. About March 12, 1926, the plaintiff made an income tax return for himself and wife for the year 1925 showing a tax due of $994.66 which was duly paid. In arriving at the net income for this return plaintiff deducted $9,000, being the amount he had invested in the stock of a company known as the Silver Roll Oil Association. This deduction was listed under bad debts and explained under schedule F as...

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