Stimpson Computing Scale Co. v. Commissioner
This text of 5 B.T.A. 669 (Stimpson Computing Scale 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.
Opinion
[670]*670OPINION.
In Appeal of Butlers Warehouses, Inc., 1 B. T. A. 851, and Appeal of Crowell & Little Construction Co., 3 B. T. A. 829, the Board held that net losses sustained under the circumstances set forth in the findings of fact were not properly deductible from the income of the following year. We find no sufficient reason to change the decisions therein made, and on the authority of those appeals the action of the Commissioner in disallowing such deductions must be sustained.
The deficiency for the year 1920 is $1^19,08. Order will he entered accordingly.
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Cite This Page — Counsel Stack
5 B.T.A. 669, 1926 BTA LEXIS 2808, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stimpson-computing-scale-co-v-commissioner-bta-1926.