1. Home
  2. Browse Decisions
  3. T.C.
  4. 29 T.C.
  5. 29 T.C. 1263 (1958)
 

KEYSTONE METAL CO. v. COMMISSIONER

Docket No. 62988.

29 T.C. 1263 (1958)

KEYSTONE METAL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 31, 1958.

Attorney(s) appearing for the Case

Lee W. Eckels, Esq., for the petitioner.

David L. Ketter, Esq., for the respondent.

OPINION.

TIETJENS, Judge:

The Commissioner determined a deficiency in petitioner's income tax for the year 1953 in the amount of $53,316.45. The only issue for decision is whether petitioner is entitled to a deduction in the year 1953 in the amount of $8,271.07 paid to the City of Pittsburgh and the School District of Pittsburgh as a so-called penalty for nonpayment of mercantile license tax when due.

All of the facts are stipulated. They...

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