CONGRESS SQUARE HOTEL COMPANY v. COMMISSIONER

Docket No. 4277.

4 T.C. 775 (1945)

CONGRESS SQUARE HOTEL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated February 13, 1945.


Attorney(s) appearing for the Case

Leonard A. Pierce, Esq., for the petitioner.

C. A. Stutzman, Jr., Esq., for the respondent.


OPINION.

ARNOLD, Judge:

This case involves corporation income, declared value excess profits, and excess profits taxes for the calendar year 1941 in the aggregate amount of $30,441.65. Certain adjustments were made by respondent which are not here contested. A stipulation of facts containing certain exhibits was filed and we incorporate it herein by reference. The case hinges on whether the unamortized discount and expenses of old bonds are deductible...

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