Respondent determined deficiencies in the petitioner's income tax for the fiscal years ended January 31, 1951 and 1952, in the amounts of $11,722.06 and $1,066.28, respectively. The issues are (1) whether an increase in officers' compensation in the fiscal year ending January 31, 1947, resulted in an abnormal deduction for that year within the meaning of section 433 (b) (9) and (10) of the 1939 Internal...
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.