Henry v. Burnet

MARTIN, Chief Justice.

This is an appeal from an order of the Board of Tax Appeals involving the individual income tax return of appellant for the year 1919. The controversy relates to two deductions claimed by appellant: (1) Because of appellant’s proportionate share of certain losses sustained in that year by a partnership in which appellant was a partner; and (2) because of the enforced payment by appellant of the proportionate share of such losses owing by his partner.

The issue is governed by the Revenue Act of 1918, 40 Stat. 1057,1066,1070,1074, parts of which read as follows:

“See. 214.…