Brampton Woolen Co. v. Commissioner of Internal Revenue

I cannot agree to the disposition of this ease in accordance with the opinion.

I do not think the record warrants the conclusion implied, at least, in the opinion that there was any agreement, formal or informal, by the corporation made in 1918, which bound the corporation, and therefore there was an accrued liability in 1918.

The record shows that there was never more than informal discussions by the directors during 1918 and the expression of individual opinions that their salaries were not sufficient, and that they should be increased to an amount which would more nearly compare with their…