Gisholt Machine Co. v. Commissioner
United States Tax Court
An amount reasonably related to services performed and irrevocably paid in 1941 by a corporation to a retirement trust for selected employees held deductible as a business expense under section 23 (a), Internal Revenue Code, irrespective of its possible aspect as a contribution under section 23 (p) to a pension trust such as described in section 165.
1Opinion of the Court
Gisholt Machine Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Gisholt Machine Co. v. Commissioner
Docket No. 2186
United States Tax Court
4 T.C. 699; 1945 U.S. Tax Ct. LEXIS 239;
February 1, 1945, Promulgated
Decision will be entered under Rule 50.
An amount reasonably related to services performed and irrevocably paid in 1941 by a corporation to a retirement trust for selected employees held deductible as a business expense under section 23 (a), Internal Revenue Code, irrespective of its possible aspect as a contribution under section 23 (p) to a pension trust such as…
2Cases cited3 opinions
- Lord v. CommissionerUnited States Tax Court · 1942
- Wilcox Inv. Co. v. CommissionerUnited States Tax Court · 1944
- Gisholt Machine Co. v. CommissionerUnited States Tax Court · 1945