1. Home
  2. Browse Decisions
  3. T.C.
  4. 30 T.C.
  5. 30 T.C. 295 (1958)
 

CHAMPION SPARK PLUG CO. v. COMMISSIONER

Docket No. 64489.

30 T.C. 295 (1958)

CHAMPION SPARK PLUG COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed May 15, 1958.

Attorney(s) appearing for the Case

James F. Kennedy, Jr., Esq., and A. J. Beran, C. P. A., for the petitioner.

Frank W. Hardy, Esq., for the respondent.

MULRONEY, Judge:

The respondent determined a deficiency in income tax of the petitioner for the year 1953 in the sum of $27,670.94. The only issue in the case is whether petitioner properly accrued and deducted for the year 1953 the amount of $33,750 representing a sum provided and authorized by the petitioner's board of directors on December 16, 1953, for payment in 60 equal semimonthly installments commencing January 15, 1954, the payments to be made to a...

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