Adam, Meldrum & Anderson Co. v. Commissioner
United States Board of Tax Appeals
1. Contributions made by petitioners to certain charitable organizations are not deductible as ordinary and necessary business expenses. 2. The evidence does not establish that petitioners were affiliated with P. Centemeri & Co. under section 142(c) of the Revenue Act of 1928.
1Opinion of the Court
*422OPINION.
AnAivrs:
The first issue presented for our decision is whether petitioner, a corporation, may deduct from its gross income, for the purpose of determining its net income subject to tax, contributions made to certain charitable organizations.
The petitioner urges that the contributions made by it to various charitable organizations were advertising expenses and are, therefore, to be treated as ordinary and necessary expenses incurred in carrying on its business during the taxable year.
The relevant sections of the statute are set out in the margin.1
Section 28 provides that certain…
2Cases cited7 opinions
- Gould v. GouldSupreme Court of the United States · 1917
- United States v. MerriamSupreme Court of the United States · 1923
- Thomas Shoe Co. v. CommissionerUnited States Board of Tax Appeals · 1924
- Poinsett Mills v. CommissionerUnited States Board of Tax Appeals · 1924
- Nahman v. CommissionerUnited States Board of Tax Appeals · 1930
2 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- W. M. Ritter Lumber Co. v. CommissionerUnited States Board of Tax Appeals · 1934
- Cook v. CommissionerUnited States Board of Tax Appeals · 1934
- First Nat'l Bank v. CommissionerUnited States Board of Tax Appeals · 1934
- Adam, Meldrum & Anderson Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- Atlantic Coast Line R. R. v. CommissionerUnited States Board of Tax Appeals · 1934
1 more not listed; retrieve them via the Exa API.