Astorian-Budget Publishing Co. v. Commissioner
United States Board of Tax Appeals
On its return for the taxable year petitioner deducted $2,340 as a reasonable allowance for personal services actually rendered by one of its officers and directors. Respondent allowed $600 thereof and disallowed $1,740. Held, the amount allowed by respondent constitutes a reasonable allowance for the personal services actually rendered; held, further, no part of the $1,740 disallowed id deductible as a pension, or as a payment in the nature of a pension.
1Opinion of the Court
ASTORIAN-BUDGET PUBLISHING COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Astorian-Budget Publishing Co. v. Commissioner
Docket No. 100629.
United States Board of Tax Appeals
44 B.T.A. 969; 1941 BTA LEXIS 1249;
July 10, 1941, Promulgated
On its return for the taxable year petitioner deducted $2,340 as a reasonable allowance for personal services actually rendered by one of its officers and directors. Respondent allowed $600 thereof and disallowed $1,740. Held, the amount allowed by respondent constitutes a reasonable allowance for the personal services actually rendered; held,…
2Cases cited4 opinions
- Seavey & Flarsheim Brokerage Co. v. CommissionerUnited States Board of Tax Appeals · 1940
- Astorian-Budget Publishing Co. v. CommissionerUnited States Board of Tax Appeals · 1941
- Home Industry Iron Works v. CommissionerUnited States Board of Tax Appeals · 1927
- Monte Glove Co. v. CommissionerUnited States Board of Tax Appeals · 1941