HEALY, Circuit Judge.
Petition to review a decision of the Board of Tax Appeals sustaining the assessment of a deficiency in income taxes paid for the year 1935. The question presented is whether the taxpayer may deduct as a business expense salaries authorized but not paid during the tax year, where the return was prepared on the cash basis.
The taxpayer is a small family corporation engaged in farming. The officers and principal stockholders, members of...
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