Memorandum Opinion
QUEALY, Judge:
The respondent determined that there was a deficiency in the income tax due from petitioner for the taxable year 1966 in the amount of $4,424.
The only issue presented for decision is whether legal and other professional fees in the amount of $10,289.88, expended for the defense and settlement of a legal action brought in connection with the construction of a drive-in theatre, are capital expenditures or are deductible...
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.