Legal Opinion
People ex rel. Mosbacher v. Graves
Appellate Division of the Supreme Court of the State of New York
Decided June 22, 1938PublishedCited by 10 opinions
1Opinion of the CourtBliss, J.
Emil Mosbacher, a resident of the State of New York, filed his personal income tax return for the year 1933, showing a net income for normal and emergency tax purposes, of $62,999.59 and paid the tax thereon at the proper rate. He was a dealer in securities and his principal source of income was from this business. The profit and loss statement of this business for the year in question contained an expense item of $35,000 for legal expenses. The Income Tax Bureau, upon auditing his return, disallowed this item of expense upon the ground that it was a personal rather than business expense and…
2Cases cited5 opinions
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- In Re the Estate of WeidenNew York Court of Appeals · 1933
- People ex rel. Rice v. GravesAppellate Division of the Supreme Court of the State of New York · 1934
- People Ex Rel. Rice v. GravesNew York Court of Appeals · 1936
- People ex rel. Weber & Heilbroner, Inc. v. GravesAppellate Division of the Supreme Court of the State of New York · 1936
3Cited by10 opinions
- In re the Bank of RichmondvilleAppellate Division of the Supreme Court of the State of New York · 1940
- In re the Claims of LazarusAppellate Division of the Supreme Court of the State of New York · 1944
- Marx v. BragaliniNew York Court of Appeals · 1959
- Coane v. American Distilling Co.New York Supreme Court · 1944
- In re the Estate of HorchlerAppellate Division of the Supreme Court of the State of New York · 1971
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