This is a proceeding for the redetermination of a deficiency in income tax for 1938 in the amount of $30,441.90. The questions in issue are:
(1) Whether the petitioner is entitled to deduct from its gross income of 1938 certain general expenses in the amount of $16,478.19, where payment therefor was not made during the taxable year.
(2) Whether the petitioner is entitled to deduct $49,670.40 as the cost of certain repairs on the SS Greylock where payment...
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.
