1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 2 T.C.M.
  5. 2 T.C.M. 723 (1943)
 

PENNSYLVANIA FORGE CORPORATION v. COMMISSIONER

Docket No. 107107.

2 T.C.M. 723 (1943)

Pennsylvania Forge Corporation v. Commissioner.

United States Tax Court.

Entered September 6, 1943.

Attorney(s) appearing for the Case

Leland T. Atherton, Esq., for the petitioner. Bernard D. Daniels, Esq., and Harry Brown, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

HARRON, Judge:

Respondent determined deficiencies in income and excess profits taxes in the respective amounts of $47,336.40, and $1,169.11 for the year 1937. Certain adjustments are not contested. The questions in issue are:

(1) Whether petitioner is entitled to a deduction from gross income for the year 1937 for payments of taxes and interest of its subsidiary in the amount of $3,368.45 as ordinary and necessary...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases