Forrester Box Co. v. Commissioner

FORRESTER BOX CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Forrester Box Co. v. Commissioner

Docket No. 30389.

United States Board of Tax Appeals

25 B.T.A. 128; 1932 BTA LEXIS 1574;

January 11, 1932, Promulgated

The evidence fails to establish cost to petitioner of certain promissory notes disposed of in 1923.

Henry J. Plagens, Esq., for the petitioner.

Frank B. Schlosser, Esq., for the respondent.

LANSDON

OPINION.

LANSDON: The respondent has asserted deficiencies in income tax for 1923, 1924 and 1925 in the respective amounts of $1,411.20, $1,675.77 and $1,755.23. The deficiencies…