Memorandum Opinion
VAN FOSSAN, J.:
The respondent determined a deficiency of $630.89 in income tax for the year 1937. Among other adjustments, respondent disallowed a deduction of $4,500 claimed as a loss for worthlessness of stock of Delane Brown, Inc., holding that such stock did not become worthless in the taxable year. This is the only issue presented.
Petitioner relies chiefly on the fact that in the estate tax return for decedent, who died...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
