W. K. Henderson Iron Works & Supply Co. v. Blair

MARTIN, Chief Justice.

An appeal from a decision of the Board of Tax Appeals sustaining a deficiency determination entered by the Commissioner of Internal Revenue in respect to appellant’s income taxes for the year 1918. The case when begun involved various questions relating to appellant’s taxes for the years 1919, 1920, and 1921; but the issue at present relates only to two deductions, each for $10,000, claimed by appellant for the salaries paid to two of its officers for the year 1918.

It appears that in 1918, and for some years before, appellant was a corporation doing a large manufacturing…