The respondent determined deficiencies in income tax for 1944 and 1946 in the respective amounts of $4,336.78 and $407.16. The question for decision is whether expenditures which were accrued in 1946 in the total amount of $10,653.76, or any part thereof, are deductible as ordinary and necessary business expenses under section 23 (a) (1) (A) of the Code. In 1946, petitioner installed a new cement floor in the building in which it conducts its business. The respondent has...
Let's get started
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.
