Leighton Bros. Printing Co. v. Commissioner

Board of Tax Appeals

Leighton Bros. Printing Co. v. Commissioner

8 B.T.A. 1006, 1927 BTA LEXIS 2753

United States Board of Tax Appeals·Decided October 25, 1927·No. Docket No. 10329.·Published

Opinion

[1008] OPINION.

Smith :

The only questions for the determination of the Board in this proceeding are the reasonableness of the salary paid to the president for the year 1920, and whether such amount was an ordinary and necessary expense of the business..

We are of the opinion from a consideration of the entire evidence that both of these questions must be answered in the affirmative.

Judgment will be entered on 15 days’ notice, under Rule 50.

Considered by Littleton, Love, and Teussell.

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[1008] OPINION.

Smith :

The only questions for the determination of the Board in this proceeding are the reasonableness of the salary paid to the president for the year 1920, and whether such amount was an ordinary and necessary expense of the business..

We are of the opinion from a consideration of the entire evidence that both of these questions must be answered in the affirmative.

Judgment will be entered on 15 days’ notice, under Rule 50.

Considered by Littleton, Love, and Teussell.

Leighton Bros. Printing Co. v. Commissioner, 8 B.T.A. 1006, 1927 BTA LEXIS 2753 (bta 1927).

Pincite

8 B.T.A. 1006 (Leighton Bros. Printing Co. v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.