Memorandum Findings of Fact and Opinion
This proceeding involves deficiencies of $701.74 and $9,121.14 in declared value excess-profits tax and excess profits tax, respectively, determined against the petitioner for its fiscal year ended April 30, 1946. The respondent determined an over-assessment of $676.20 in income tax for such year.
The only issue is whether the amount of $10,632.35 was a properly deductible bad debt under section 23(k)(1) of the 1939...
Let's get started
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.