Appeal of Townsend Lumber Co.
This text of 1 B.T.A. 894 (Appeal of Townsend Lumber Co.) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
[895]*895DECISION.
The accounts shown by the taxpayer’s Exhibit 1, aggregating $37,779.31 — $9,233.74 for the year 1919, and $28,545.57 for the year 1920 — were properly deductible from gross income in such years, [896]*896respectively. The deficiency should be recomputed accordingly, and final decision will loe settled on consent or on 15 days’ notice in accordance with Rule 50.
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