Amtorg Trading Corp. v. Commissioner
United States Board of Tax Appeals
Amounts accrued under an agreement with the People's Commissariat of Foreign Trade of the Union of Soviet Socialist Republics have not been shown to be deductible as taxes or as ordinary and necessary expenses.
1Opinion of the Court
AMTORG TRADING CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Amtorg Trading Corp. v. Commissioner
Docket Nos. 31749, 31750.
United States Board of Tax Appeals
25 B.T.A. 327; 1932 BTA LEXIS 1540;
January 22, 1932, Promulgated
Amounts accrued under an agreement with the People's Commissariat of Foreign Trade of the Union of Soviet Socialist Republics have not been shown to be deductible as taxes or as ordinary and necessary expenses.
Courtland Kelsey, Esq., for the petitioner.
J. M. Leinenkugel, Esq., for the respondent.
MURDOCK
The Commissioner determined the following…
2Cases cited1 opinion
- Amtorg Trading Corp. v. CommissionerUnited States Board of Tax Appeals · 1932