First State Bank v. Commissioner

Board of Tax Appeals

First State Bank v. Commissioner

10 B.T.A. 396, 1928 BTA LEXIS 4121

United States Board of Tax Appeals·Decided January 30, 1928·No. Docket Nos. 12657, 16011.·Published·Cited by 1 cases

Opinion

[397]*397OPINION.

Love :

The petitioner’s contention in respect of the issue presented in these proceedings has been considered and sustained by the Board in First State Bank of Brackettville, 9 B. T. A. 975. The amounts paid into the Fund during the year in question as a result of either or both annual and/or special assessments are properly deductible from gross income for the year in which paid.

Judgment will be entered on 15 days' notice, under Bule 50.

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

[397]*397OPINION.

Love :

The petitioner’s contention in respect of the issue presented in these proceedings has been considered and sustained by the Board in First State Bank of Brackettville, 9 B. T. A. 975. The amounts paid into the Fund during the year in question as a result of either or both annual and/or special assessments are properly deductible from gross income for the year in which paid.

Judgment will be entered on 15 days' notice, under Bule 50.

First State Bank v. Commissioner, 10 B.T.A. 396, 1928 BTA LEXIS 4121 (bta 1928).

Pincite

10 B.T.A. 396 (First State Bank v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

Related