Monroe Sand & Gravel Co. v. Commissioner
United States Board of Tax Appeals
1. Where certain credits as compensation were given its officers by a corporation reporting on the accrual basis and such credits were allowed by respondent as a deduction, and respondent in his answer affirmatively pleaded that the deduction so allowed "does not constitute an allowable deduction," and the record fails to establish that the amounts so credited as compensation were unreasonable, held, respondent failed to maintain his burden of proof. 2. Where certain credits…
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1. Where certain credits as compensation were given its officers by a corporation reporting on the accrual basis and such credits were allowed by respondent as a deduction, and respondent in his answer affirmatively pleaded that the deduction so allowed "does not constitute an allowable deduction," and the record fails to establish that the amounts so credited as compensation were unreasonable, held, respondent failed to maintain his burden of proof. 2. Where certain credits were given two parties by the taxpayer reporting on the accrual basis and such credits were allowed by respondent as a…
1Opinion of the Court
MONROE SAND AND GRAVEL CO., INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Monroe Sand & Gravel Co. v. Commissioner
Docket No. 75782.
United States Board of Tax Appeals
36 B.T.A. 747; 1937 BTA LEXIS 665;
October 26, 1937, Promulgated
1. Where certain credits as compensation were given its officers by a corporation reporting on the accrual basis and such credits were allowed by respondent as a deduction, and respondent in his answer affirmatively pleaded that the deduction so allowed "does not constitute an allowable deduction," and the record fails to establish that the amounts…
2Cases cited1 opinion
- Monroe Sand & Gravel Co. v. CommissionerUnited States Board of Tax Appeals · 1937