Charleston & Western Carolina Railway Co. v. Commissioner

Board of Tax Appeals

Charleston & Western Carolina Railway Co. v. Commissioner

17 B.T.A. 569

CourtUnited States Board of Tax Appeals

DecidedSeptember 26, 1929

DocketDocket No. 20836

StatusPublished

Cited by3 cases

This text of 17 B.T.A. 569 (Charleston & Western Carolina Railway Co. v. Commissioner) 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.

Bluebook

Charleston & Western Carolina Railway Co. v. Commissioner, 17 B.T.A. 569 (bta 1929).

Pincite

Opinion

[570]*570OPINION.

Smith :

The only issue presented by this proceeding is whether or not certain items *of unclaimed wages which had been charged to operating expenses and allowed as a deduction for the year in which the expense accrued constitute taxable income when subsequently charged to profit and loss.

There was presented for our consideration in Chicago, Rock Island & Pacific Railway Co., 13 B. T. A. 988, an issue practically on all fours with the one raised in the instant proceeding, and after a careful and extensive consideration of the question we approved the respondent’s action in including such items in taxable income for the year in which they were charged to profit and loss.

Consequently, in accordance with the decision in Chicago, Rock Island & Pacific Railway Co., supra, the respondent’s action in this proceeding is sustained.

Judgment will he entered for the respondent.

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