NATIONAL BRASS WORKS, INCORPORATED v. COMMISSIONER

Docket No. 13434.

8 T.C.M. 286 (1949)

National Brass Works, Incorporated v. Commissioner.

United States Tax Court.

Entered March 24, 1949.


Attorney(s) appearing for the Case

Donald C. McGovern, Esq., 433 So. Spring St., Los Angeles, Calif., for the petitioner. H. A. Melville, Esq., for the respondent.


Memorandum Opinion

VAN FOSSAN, Judge:

Respondent determined a deficiency in petitioner's income tax liability for the year 1944 in the amount of $2,911.85. Petitioner alleges (1) that respondent erred in disallowing a deduction as business expense of the sum of $13,071.08 paid in settlement of alleged violation of Maximum Price Regulations of the Office of Price Administration, and (2) in failing to allow the amount...

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