Sidney Ross Co. v. Commissioner
United States Board of Tax Appeals
The amount of certain advances made by petitioner in 1921 to its branch office in China, which it carried on its books as accounts receivable and charged off in 1923, held, upon the record, not to be shown to have represented a loss sustained in 1923.
1Opinion of the Court
SIDNEY ROSS COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Sidney Ross Co. v. Commissioner
Docket No. 37706.
United States Board of Tax Appeals
26 B.T.A. 499; 1932 BTA LEXIS 1300;
June 22, 1932, Promulgated
The amount of certain advances made by petitioner in 1921 to its branch office in China, which it carried on its books as accounts receivable and charged off in 1923, held, upon the record, not to be shown to have represented a loss sustained in 1923.
Frederic E. Reeve, C.P.A., for the petitioner;
George R. Sherriff, Esq., for the respondent.
LEECH
The Commissioner has…
2Cases cited1 opinion
- Sidney Ross Co. v. CommissionerUnited States Board of Tax Appeals · 1932