Majestic Manufacturing Co. v. Commissioner

Board of Tax Appeals

Majestic Manufacturing Co. v. Commissioner

11 B.T.A. 37

CourtUnited States Board of Tax Appeals

DecidedMarch 16, 1928

DocketDocket No. 9760

StatusPublished

Cited by1 cases

This text of 11 B.T.A. 37 (Majestic Manufacturing Co. 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

Majestic Manufacturing Co. v. Commissioner, 11 B.T.A. 37 (bta 1928).

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Opinion

[38]*38OPINION.

Aeundell :

Following the decision in the case of Climax Spinning Co., 8 B. T. A. 970, and National Yarn Mills, 10 B. T. A. 1102, the issue respecting the deductibility of the amount paid by the petitioner for the support of the village baseball team is decided ,in favor of the respondent.

The adjustments in petitioner’s invested capital on account of taxes due'for prior years appear to have been made in accordance with the applicable regulations of the Treasury Department. The respondent is therefore affirmed. Section 1207 of the Revenue Act of 1926, and Russel Wheel & Foundry Co., 3 B. T. A. 1168.

The decision of the last allegation of error is controlled by L. S. Ayers & Co., 1 B. T. A. 1135. The respondent is reversed.

Judgment will be entered on 10 days'1 notice, under Rule 50.

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