B. F. GOODRICH CO. v. COMMISSIONER

Docket No. 106126.

1 T.C. 1098 (1943)

THE B. F. GOODRICH COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated May 11, 1943.


Attorney(s) appearing for the Case

F. C. Leslie, Esq., for the petitioner.

T. F. Callahan, Esq., for the respondent.


OPINION.

MURDOCK, Judge:

The Commissioner determined a deficiency of $27,310.89 in income tax for the calendar year 1936. One of the adjustments made by him in determining the deficiency was the disallowance of a deduction of $88,977.16 which he held was interest on bonds accruing in January 1937 and, therefore, not a proper deduction for 1936. The petitioner assigns that action as error. Another adjustment...

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