The respondent determined a deficiency in income tax of petitioner for the year 1951 in the amount of $12,172.34.
The principal issue is whether fines paid by petitioner in 1951 for violating motor vehicle weight limitation laws of certain States are deductible as ordinary and necessary business expenses under the provisions of section 23 (a) (1) (A) of the Internal Revenue Code of 1939.
FINDINGS OF FACT.
A portion of the facts have been stipulated...
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.