1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 3 T.C.M.
  5. 3 T.C.M. 1201 (1944)
 

KINGS COUNTY TRUST COMPANY v. COMMISSIONER

Docket No. 2208.

3 T.C.M. 1201 (1944)

Kings County Trust Company v. Commissioner.

United States Tax Court.

Entered November 16, 1944.

Attorney(s) appearing for the Case

Laurence Graves, Esq., 20 Exchange Place, New York, N. Y., for the petitioner. Thomas R. Charshee, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The Commissioner has determined a deficiency in income tax for the year 1939, in the amount of $12,197.24. Minor adjustments set forth in the notice of deficiency are not contested. The sole issue involves the deductibility of accrued interest in the amount of $72,023.07, as a debt becoming worthless in 1939.

Findings of Fact

Petitioner, Kings County Trust Company, is a banking corporation of the State of...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases