1. Home
  2. Browse Decisions
  3. T.C.
  4. 19 T.C.
  5. 19 T.C. 355 (1952)
 

PHILADELPHIA-BALTIMORE STOCK EXCHANGE v. COMMISSIONER

Docket No. 32231.

19 T.C. 355 (1952)

PHILADELPHIA-BALTIMORE STOCK EXCHANGE (FORMERLY PHILADELPHIA STOCK EXCHANGE), PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated November 28, 1952.

Attorney(s) appearing for the Case

Howard H. Yocum, Esq., for the petitioner.

Edward Pesin, Esq., for the respondent.

OPINION.

LEMIRE, Judge:

The respondent determined deficiencies in income tax and declared value excess-profits tax for the year 1944 in the respective amounts of $4,531.51 and $298.85, as a result of disallowing a deduction of $34,140, claimed by petitioner as payments from its Gratuity Fund to beneficiaries of deceased members, and a deduction of the sum of $900 paid to the widow of a former employee. Petitioner...

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