The respondent determined a deficiency in the amount of $31,710.06 in the income tax of petitioner for its fiscal year ended July 31, 1948. However, the sole question for decision relates to a deduction for an alleged loss sustained during the fiscal year ended July 31, 1950, which is pertinent here only as a result of the carry-back provisions of the law. The deduction is sought by reason of the demolition of a building by petitioner's lessee pursuant to an agreement between...
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.
