Schlosser Bros., Inc. v. Commissioner

APPEAL OF SCHLOSSER BROS., INC.

Schlosser Bros., Inc. v. Commissioner

Docket No. 881.

United States Board of Tax Appeals

2 B.T.A. 137; 1925 BTA LEXIS 2521;

June 24, 1925, Decided Submitted February 16, 1925.

Robert N. Dedaker, C.P.A., for the taxpayer.

Benjamin H. Saunders, Esq., for the Commissioner.

Before IVINS and KORNER.

This is an appeal from a determination by the Commissioner of a deficiency in income and profits taxes for the year 1917, amounting to less than $10,000, due to the exclusion by the Commissioner of $5,876.95 from the taxpayer's invested capital, and the disallowance of a…