1. Home
  2. Browse Decisions
  3. T.C.
  4. 7 T.C.
  5. 7 T.C. 320 (1946)
 

GWINN BROS. & COMPANY v. COMMISSIONER

Docket No. 5828.

7 T.C. 320 (1946)

GWINN BROS. & COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated June 28, 1946.

Attorney(s) appearing for the Case

Leonard R. Tanner, Jr., Esq., and William Ristig, Esq., for the petitioner.

Elmer L. Corbin, Esq., for the respondent.

OPINION.

DISNEY, Judge:

The controversy here involves income and declared value excess profits taxes for the calendar year 1935. Deficiences were determined as follows: in income tax, $853.57; in declared value excess profits tax, $310.39. The petitioner claims overpayment of $6,974.07. The only issue presented is whether petitioner is entitled in the taxable year to a deduction of $44,475.35 as a bad debt, or as a loss. A stipulation of facts was...

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