Friedman v. Commissioner

U.S. Tax Court

Friedman v. Commissioner

34 T.C. 456, 1960 U.S. Tax Ct. LEXIS 135

United States Tax Court·Decided June 8, 1960·No. Docket No. 64826·Published·Cited by 3 cases

Opinions

OPINION.

Opper, Judge:

Of the three issues presented, two — the propriety of deductions for interest paid and contributions to charity — are disposed of in petitioner’s favor on the authority first, of L. Lee Stanton, 34 T.C. 1, and Fabreeka Products Co., 34 T.C. 290, and second, of Maysteel Products, Inc., 33 T.C. 1021. The third deduction claimed, that for amortization of bond premium, is disallowed on the authority of Maysteel Products, Inc., supra.

Beviewed by the Court.

Decision will be entered under Buie 50.

Fisher, J., concurs in the result. BRUCE, J., dissents.

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OPINION.

Opper, Judge:

Of the three issues presented, two — the propriety of deductions for interest paid and contributions to charity — are disposed of in petitioner’s favor on the authority first, of L. Lee Stanton, 34 T.C. 1, and Fabreeka Products Co., 34 T.C. 290, and second, of Maysteel Products, Inc., 33 T.C. 1021. The third deduction claimed, that for amortization of bond premium, is disallowed on the authority of Maysteel Products, Inc., supra.

Beviewed by the Court.

Decision will be entered under Buie 50.

Fisher, J., concurs in the result. BRUCE, J., dissents.

Friedman v. Commissioner, 34 T.C. 456, 1960 U.S. Tax Ct. LEXIS 135 (tax 1960).

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