Groth v. Commissioner
United States Board of Tax Appeals
EARNED INCOME. - Income received in compromise of a claim for liquidated damages or penalty upon the cancellation of a contract is not "earned income" within the meaning of section 31(a)(1) of the Revenue Act of 1928.
1Opinion of the Court
EARL GROTH, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Groth v. Commissioner
Docket No. 74965.
United States Board of Tax Appeals
32 B.T.A. 796; 1935 BTA LEXIS 888;
June 18, 1935, Promulgated
EARNED INCOME. - Income received in compromise of a claim for liquidated damages or penalty upon the cancellation of a contract is not "earned income" within the meaning of section 31(a)(1) of the Revenue Act of 1928.
Earl Groth pro se.
James H. Yeatman, Esq., for the respondent.
LEECH
OPINION.
LEECH: The respondent determined a deficiency in income tax against petitioner in the sum of $337.50 for…
2Cases cited1 opinion
- Groth v. CommissionerUnited States Board of Tax Appeals · 1935