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KANAWHA INVESTMENT COMPANY v. COMMISSIONER

Docket No. 11112.

7 T.C.M. 891 (1948)

Kanawha Investment Company v. Commissioner.

United States Tax Court.

Entered November 26, 1948.

Attorney(s) appearing for the Case

H. D. Rollins, Esq., 721 Peoples Bldg., Charleston, W. Va., for the petitioner. Elmer L. Corbin, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

HARRON, Judge:

Respondent determined a deficiency in income tax for the year 1941 in the amount of $263.59. The deficiency results from disallowance of a deduction of $1,200 which was claimed to be an expense on account of the alleged salary of an officer. Petitioner concedes that the deduction is not allowable.

Petitioner makes claim, for the first time, in its petition for deduction in the year 1941

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