Colonial Amusement Co. v. Commissioner
United States Tax Court
On the record, held: (1) The deduction of the amount of $ 14,730.28, representing officers' salaries accrued in 1935, but paid in 1936, by petitioner, which respondent determined was on a cash basis, and the deduction of the cost of premiums distributed by petitioner to patrons attending its theaters were not of a class abnormal to petitioner under section 711 (b) (1) (J) (i) of the Internal Revenue Code.
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On the record, held: (1) The deduction of the amount of $ 14,730.28, representing officers' salaries accrued in 1935, but paid in 1936, by petitioner, which respondent determined was on a cash basis, and the deduction of the cost of premiums distributed by petitioner to patrons attending its theaters were not of a class abnormal to petitioner under section 711 (b) (1) (J) (i) of the Internal Revenue Code. (2) Petitioner has failed to carry its burden of showing such deductions were abnormal in amount under section 711 (b) (1) (J) (ii) of the Internal Revenue Code.
1Opinion of the Court
Colonial Amusement Company of Philadelphia, Petitioner, v. Commissioner of Internal Revenue, Respondent
Colonial Amusement Co. v. Commissioner
Docket No. 12901
United States Tax Court
11 T.C. 67; 1948 U.S. Tax Ct. LEXIS 126;
July 20, 1948, Promulgated
Decision will be entered for the respondent.
On the record, held:(1) The deduction of the amount of $ 14,730.28, representing officers' salaries accrued in 1935, but paid in 1936, by petitioner, which respondent determined was on a cash basis, and the deduction of the cost of premiums distributed by petitioner to patrons attending its theaters were not…
2Cases cited5 opinions
- Green Bay Lumber Co. v. CommissionerUnited States Tax Court · 1944
- Arrow-Hart & Hegeman Electric Co. v. CommissionerUnited States Tax Court · 1946
- E. B. & A. C. Whiting Co. v. CommissionerUnited States Tax Court · 1948
- Frank Shepard Co. v. CommissionerUnited States Tax Court · 1947
- Colonial Amusement Co. v. CommissionerUnited States Tax Court · 1948