TUMWATER LUMBER MILLS CO. v. COMMISSIONER OF INT. REV.

No. 7094.

65 F.2d 675 (1933)

TUMWATER LUMBER MILLS CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

June 12, 1933.


Attorney(s) appearing for the Case

Raymond G. Wright, H. B. Jones, and Robert E. Bronson, all of Seattle, Wash., for appellant.

Sewall Key and John MacC. Hudson, Sp. Asst. Attys. Gen. (C. M. Charest, Gen. Counsel, and Philip A. Bayer, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for respondent.

Before WILBUR, MACK, and GARRECHT, Circuit Judges.


MACK, Circuit Judge.

Petitioner seeks review of a decision of the Board of Tax Appeals affirming the determination of the Commissioner of a deficiency in its income tax for 1925. The alleged deficiency results from the Commissioner's disallowance of an item of $21,225 paid by petitioner to its stockholder-employees as a bonus and deducted as an expense of its business under section 234 of the Revenue Act of 1926.

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