HUXMAN, Circuit Judge.
This petition for review challenges the correctness of the decision of the Tax Court of the United States denying the right of Harry M. Liggett, now deceased, to deduct from his 1946 income as a bad debt deduction the sum of $47,000 represented by a note, under the provisions of Section 23(k) (1) of the Internal Revenue Code, 26 U.S.C.A.
The facts as found by the Tax Court may be summarized as follows: In February, 1946, Harry M. Liggett...
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.