Burroughs Bldg. Material Co. v. Commissioner
United States Board of Tax Appeals
Amounts paid by a taxpayer engaged in the building-material business, on account of fines, court costs and attorneys' fees as the result of an indictment under a state statute which prohibited certain price-fixing agreements, are not deductible as ordinary and necessary expenses of carrying on the taxpayer's business.
1Opinion of the Court
BURROUGHS BUILDING MATERIAL CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Burroughs Bldg. Material Co. v. Commissioner
Docket No. 18763.
United States Board of Tax Appeals
18 B.T.A. 101; 1929 BTA LEXIS 2133;
November 9, 1929, Promulgated
Amounts paid by a taxpayer engaged in the building-material business, on account of fines, court costs and attorneys' fees as the result of an indictment under a state statute which prohibited certain price-fixing agreements, are not deductible as ordinary and necessary expenses of carrying on the taxpayer's business.
Donald Horne, Esq., for the…
2Cases cited8 opinions
- Armour Packing Co. v. United StatesSupreme Court of the United States · 1908
- Northern Pacific Railway Co. v. WallSupreme Court of the United States · 1916
- Burroughs Bldg. Material Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- George Ringler & Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- Harris v. CommissionerUnited States Board of Tax Appeals · 1928
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