The Commissioner determined a deficiency in petitioner's income tax for the taxable year ended January 31, 1957, in the amount of $6,175. The sole issue for decision is whether petitioner may deduct an amount, equivalent to dividends, paid by it on account of stock, of which it had made short sales.
FINDINGS OF FACT.
Most of the facts are stipulated and are found as stipulated.
Petitioner is an Ohio corporation having its principal place of business...
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.
