Broadview Sav. & Loan Co. v. Commissioner

BROADVIEW SAVINGS & LOAN CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Broadview Sav. & Loan Co. v. Commissioner

Docket No. 6425.

United States Board of Tax Appeals

10 B.T.A. 725; 1928 BTA LEXIS 4039;

February 14, 1928, Promulgated

The petitioner corporation held not to be exempt from taxation as a building and loan association.

Herbert W. Nauts, Esq., for the petitioner.

J. Arthur Adams, Esq., for the respondent.

TRAMMELL

This is a proceeding for the redetermination of a deficiency in income tax for the calendar year 1922 in the amount of $4,564.56. The only issue raised by the…