Fair Store Corp. v. Commissioner

Board of Tax Appeals

Fair Store Corp. v. Commissioner

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

United States Board of Tax Appeals·Decided May 4, 1928·No. Docket No. 14121.·Published·Cited by 1 cases

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] were 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.

Free access — add to your briefcase to read the full text and ask questions with AI

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] were 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.

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

Pincite

11 B.T.A. 1033 (Fair Store Corp. v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

Related