Coombs v. Commissioner
United States Board of Tax Appeals
Petitions filed to contest the disallowance of a deduction taken by an individual on the cash basis for a net loss in 1926 and 1927 because in 1926 a suit had been instituted against him to recover an unpaid syndicate subscription made in 1920, in which suit he denied liability and which was pending in 1926 and 1927, held to be without merit, frivolous, and filed merely for delay.
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Petitions filed to contest the disallowance of a deduction taken by an individual on the cash basis for a net loss in 1926 and 1927 because in 1926 a suit had been instituted against him to recover an unpaid syndicate subscription made in 1920, in which suit he denied liability and which was pending in 1926 and 1927, held to be without merit, frivolous, and filed merely for delay. Damages awarded under section 911, Revenue Act of 1924, as amended by section 1000, Revenue Act 1926.
1Opinion of the Court
JAMES BLISS COOMBS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Coombs v. Commissioner
Docket Nos. 47782, 49297.
United States Board of Tax Appeals
28 B.T.A. 1216; 1933 BTA LEXIS 1037;
August 22, 1933, Promulgated
Petitions filed to contest the disallowance of a deduction taken by an individual on the cash basis for a net loss in 1926 and 1927 because in 1926 a suit had been instituted against him to recover an unpaid syndicate subscription made in 1920, in which suit he denied liability and which was pending in 1926 and 1927, held to be without merit, frivolous, and filed merely…
2Cases cited1 opinion
- Coombs v. CommissionerUnited States Board of Tax Appeals · 1933