WASHINGTON TRUST COMPANY OF PITTSBURGH v. COMMISSIONER

Docket No. 106307.

1 T.C.M. 5 (1942)

Washington Trust Company of Pittsburgh, Pa. v. Commissioner.

United States Tax Court.

Entered October 26, 1942.


Attorney(s) appearing for the Case

Charles H. Sachs, Esq., 1124 Frick Bldg., Pittsburgh, Pa., for the petitioner. J. Harrison Miller, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

DISNEY, J.:

This proceeding involves the redetermination of a deficiency in income tax for 1938 in the amount of $805.90. The issue is whether the respondent erred in disallowing as a deduction a loss of $4,884.25 alleged to have been sustained upon the sale of bonds of the American Commonwealth Power Corporation. The facts set forth in a stipulation of facts are found as stipulated. Material portions thereof will...

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