Krueger Broughton Lumber Co. v. Commissioner
United States Board of Tax Appeals
1. JURISDICTION. - This Board is held to have jurisdiction to hear and determine an appeal from a deficiency even though the appeal is unsatisfactory in form, if it was filed within the statutory period of 60 days after the mailing of the deficiency letter and was promptly amended to conform to the rules prior to answer by the respondent. 2. BAD DEBTS. - Where the evidence shows that a debt was partly uncollectible in an amount currently ascertained from definite facts, the…
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1. JURISDICTION. - This Board is held to have jurisdiction to hear and determine an appeal from a deficiency even though the appeal is unsatisfactory in form, if it was filed within the statutory period of 60 days after the mailing of the deficiency letter and was promptly amended to conform to the rules prior to answer by the respondent. 2. BAD DEBTS. - Where the evidence shows that a debt was partly uncollectible in an amount currently ascertained from definite facts, the uncollectible part was ascertained and charged off within the taxable year, it was consistently treated by the…
1Opinion of the Court
KRUEGER BROUGHTON LUMBER CO. (FORMERLY FULLERTON-KRUEGER LUMBER CO.), PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Krueger Broughton Lumber Co. v. Commissioner
Docket No. 17130.
United States Board of Tax Appeals
18 B.T.A. 1270; 1930 BTA LEXIS 2490;
February 20, 1930, Promulgated
1. JURISDICTION. - This Board is held to have jurisdiction to hear and determine an appeal from a deficiency even though the appeal is unsatisfactory in form, if it was filed within the statutory period of 60 days after the mailing of the deficiency letter and was promptly amended to conform to the rules…
2Cases cited1 opinion
- Krueger Broughton Lumber Co. v. CommissionerUnited States Board of Tax Appeals · 1930