Britton Lumber Co. v. Commissioner
United States Board of Tax Appeals
Held, under the evidence, that the petitioner used the reserve method of handling its bad debts in the years involved, and the permission of the Commissioner not having been obtained to adopt this method, the deductions claimed are disallowed.
1Opinion of the Court
BRITTON LUMBER CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Britton Lumber Co. v. Commissioner
Docket No. 28004.
United States Board of Tax Appeals
20 B.T.A. 583; 1930 BTA LEXIS 2082;
August 25, 1930, Promulgated
Held, under the evidence, that the petitioner used the reserve method of handling its bad debts in the years involved, and the permission of the Commissioner not having been obtained to adopt this method, the deductions claimed are disallowed.
T. J. Britton and D. Stuart Gillis, Esq., for the petitioner.
John D. Foley, Esq., for the respondent.
TRAMMELL
OPINION.
TRAMMELL:…
2Cases cited1 opinion
- Britton Lumber Co. v. CommissionerUnited States Board of Tax Appeals · 1930