Glenwood Sanatorium v. Commissioner
United States Tax Court
Rental expense accrued and set off by petitioner corporation against amounts previously advanced to landlord-stockholder so as to reduce the latter's liability thereon held not barred as a deductible expense by section 24 (c), Internal Revenue Code. Michael Flynn Mfg. Co., 3 T. C. 932, followed.
1Opinion of the Court
Glenwood Sanatorium, a Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Glenwood Sanatorium v. Commissioner
Docket No. 36540
United States Tax Court
20 T.C. 1099; 1953 U.S. Tax Ct. LEXIS 56;
September 30, 1953, Promulgated
Decision will be entered for the petitioner.
Rental expense accrued and set off by petitioner corporation against amounts previously advanced to landlord-stockholder so as to reduce the latter's liability thereon held not barred as a deductible expense by section 24 (c), Internal Revenue Code. Michael Flynn Mfg. Co., 3 T. C. 932, followed.
R. Shad Bennett,…
2Cases cited10 opinions
- Acer Realty Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1942
- Michael Flynn Mfg. Co. v. CommissionerUnited States Tax Court · 1944
- Anthony P. Miller, Inc. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1947
- Ohio Battery & Ignition Co. v. CommissionerUnited States Tax Court · 1945
- PG Lake, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1945
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