1. Home
  2. Browse Decisions
  3. T.C.
  4. 44 T.C.
  5. 44 T.C. 764 (1965)
 

FIRST NATIONAL BANK IN OLNEY v. COMMISSIONER

Docket No. 258-63.

44 T.C. 764 (1965)

THE FIRST NATIONAL BANK IN OLNEY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 30, 1965.

Attorney(s) appearing for the Case

Walter J. Rockler, David R. Kentoff, and Edgar H. Stenn, for the petitioner.

Nelson E. Shafer, for the respondent.

WITHEY, Judge:

The Commissioner has determined deficiencies in the income tax of the petitioner in the amounts of $3,975.99, $7,070.44, $5,330.43, and $7,543.15 for the years 1957, 1958, 1959, and 1960, respectively. The sole issue presented is the correctness of the Commissioner's action in disallowing deductions of $7,646.14, $10,207.58, $10,267.69, and $14,856.87 taken by petitioner in its income tax returns for 1957, 1958, 1959, and 1960, respectively,...

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