Durabilt Steel Locker Co. v. Commissioner

DURABILT STEEL LOCKER CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Durabilt Steel Locker Co. v. Commissioner

Docket No. 3121.

United States Board of Tax Appeals

5 B.T.A. 239; 1926 BTA LEXIS 2927;

October 27, 1926, Decided

J. W. Fisher, Esq., for the respondent.

SMITH

SMITH: This is a proceeding for the redetermination of a deficiency in income tax for the fiscal year ended April 30, 1923, in the amount of $793.94, arising from the disallowance of a deduction from gross income of a net loss sustained for the period May 7, 1921, to April 30, 1922.

FINDINGS OF FACT.

The petitioner was…