Schlesinger v. Commissioner

Board of Tax Appeals

Schlesinger v. Commissioner

11 B.T.A. 601, 1928 BTA LEXIS 3761

United States Board of Tax Appeals·Decided April 16, 1928·No. Docket No. 13728.·Published·Cited by 1 cases

Opinion

[602] OPINION.

Aeundell :

From all of the evidence we are convinced that during the year 1920 the Lake School for Girls was a corporation organized and operated exclusively for educational purposes and that no part of its net earnings inured to the benefit of any stockholder or individual. We are therefore of the opinion that the contribution of $5,000 made by the petitioner to the corporation in the year 1920 is a proper deduction from his gross income for that year, under section 214(a) (11) of the Revenue Act of 1918.

Judgment of no deficiency will he entered.

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[602] OPINION.

Aeundell :

From all of the evidence we are convinced that during the year 1920 the Lake School for Girls was a corporation organized and operated exclusively for educational purposes and that no part of its net earnings inured to the benefit of any stockholder or individual. We are therefore of the opinion that the contribution of $5,000 made by the petitioner to the corporation in the year 1920 is a proper deduction from his gross income for that year, under section 214(a) (11) of the Revenue Act of 1918.

Judgment of no deficiency will he entered.

Schlesinger v. Commissioner, 11 B.T.A. 601, 1928 BTA LEXIS 3761 (bta 1928).

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Opinion

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