National Bank of New Jersey v. Commissioner
1 B.T.A. 1238, 1925 BTA LEXIS 2595
Opinion
DECISION.
The determination of the Commissioner is approved. The provisions of section 234 (a) (2) of the Revenue Act of 1918 permit the deduction of interest paid or accrued within the taxable year and do not contemplate the deduction of both interest paid and interest accrued within such year.
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National Bank of New Jersey v. Commissioner, 1 B.T.A. 1238, 1925 BTA LEXIS 2595 (bta 1925).
1 B.T.A. 1238 (National Bank of New Jersey v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Appeal of National Bank of New Jersey
1 B.T.A. 1238 (Board of Tax Appeals, 1925)