Bonds, Inc. v. Commissioner

Bonds, Incorporated v. Commissioner.

Bonds, Inc. v. Commissioner

Docket No. 5074.

United States Tax Court

1944 Tax Ct. Memo LEXIS 49; 3 T.C.M. (CCH) 1197; T.C.M. (RIA) 44361;

November 11, 1944

John W. Rader, C.P.A., 620 Commerce Bldg., Kansas City, Mo., for the petitioner. Cecil H. Haas, Esq., for the respondent.

DISNEY

Memorandum Opinion

DISNEY, Judge: This case involves income and declared value excess profits taxes for the taxable year ended December 31, 1942, in the amounts of $3,141.70 and $118.58, respectively. The questions presented are whether the petitioner is entitled to deduct as interest,…