Yamhill Elec. Co. v. Commissioner
United States Board of Tax Appeals
Contribution made to the endowment fund of a local college, to assure its continuation as a substantial patron of petitioner, allowed as an ordinary and necessary business expense.
1Opinion of the Court
YAMHILL ELECTRIC CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Yamhill Elec. Co. v. Commissioner
Docket No. 29270.
United States Board of Tax Appeals
20 B.T.A. 1232; 1930 BTA LEXIS 1950;
October 10, 1930, Promulgated
Contribution made to the endowment fund of a local college, to assure its continuation as a substantial patron of petitioner, allowed as an ordinary and necessary business expense.
Clarence Butt, Esq., for the petitioner.
A. H. Murray, Esq., for the respondent.
ARUNDELL
Proceeding for the redetermination of a deficiency of $50 in income tax for the year 1923. The single…
2Cases cited1 opinion
- Yamhill Elec. Co. v. CommissionerUnited States Board of Tax Appeals · 1930