Ernst v. Commissioner

Board of Tax Appeals

Ernst v. Commissioner

18 B.T.A. 928, 1930 BTA LEXIS 2567

CourtUnited States Board of Tax Appeals

DecidedJanuary 27, 1930

DocketDocket No. 25586.

StatusPublished

Cited by3 cases

This text of 18 B.T.A. 928 (Ernst 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

Ernst v. Commissioner, 18 B.T.A. 928, 1930 BTA LEXIS 2567 (bta 1930).

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Opinion

[929]*929OPINION.

LaNSdon :

The evidence fails to support the contention of the petitioner. At the close of each of the years for which bad debt deductions are claimed the company had assets of such substantial value that it is impossible to find that its obligations were worthless in the hands of the holder thereof. The deficiencies determined by the Commissioner are approved. T. C. Power & Brother, 6 B. T. A. 835.

Decision will he entered for the respondent.

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[929]*929OPINION.

LaNSdon :

The evidence fails to support the contention of the petitioner. At the close of each of the years for which bad debt deductions are claimed the company had assets of such substantial value that it is impossible to find that its obligations were worthless in the hands of the holder thereof. The deficiencies determined by the Commissioner are approved. T. C. Power & Brother, 6 B. T. A. 835.

Decision will he entered for the respondent.

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18 B.T.A. 928, 1930 BTA LEXIS 2567, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ernst-v-commissioner-bta-1930.

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