Fair Store Corp. v. Commissioner

Board of Tax Appeals

Fair Store Corp. v. Commissioner

11 B.T.A. 1033, 1928 BTA LEXIS 3668

CourtUnited States Board of Tax Appeals

DecidedMay 4, 1928

DocketDocket No. 14121.

StatusPublished

Cited by1 cases

This text of 11 B.T.A. 1033 (Fair Store Corp. 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

Fair Store Corp. v. Commissioner, 11 B.T.A. 1033, 1928 BTA LEXIS 3668 (bta 1928).

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Opinion

OPINION.

Trammell:

There is no evidence in this case that the petitioner actually had a loss. The only evidence is that the books and accounts [1034]*1034were out of balance to tbe extent of $634.08- and that amount was arbitrarily charged off to balance the books and accounts. Such a transaction does not constitute a deductible loss. Union Savings Bank, 10 B. T. A. 1175.

Judgment will be entered for the respondent.

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OPINION.

Trammell:

There is no evidence in this case that the petitioner actually had a loss. The only evidence is that the books and accounts [1034]*1034were out of balance to tbe extent of $634.08- and that amount was arbitrarily charged off to balance the books and accounts. Such a transaction does not constitute a deductible loss. Union Savings Bank, 10 B. T. A. 1175.

Judgment will be entered for the respondent.

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Bluebook (online)

11 B.T.A. 1033, 1928 BTA LEXIS 3668, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fair-store-corp-v-commissioner-bta-1928.

Opinion

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