Davidson Grocery Co. v. Commissioner
United States Board of Tax Appeals
In 1920 the petitioner determined that a portion of certain accounts receivable would never be collected and accordingly charged off to profit and loss the portions which it determined would not be collected. Held, that the amounts charged off are not deductible from gross income.
1Opinion of the Court
DAVIDSON GROCERY CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Davidson Grocery Co. v. Commissioner
Docket No. 13730.
United States Board of Tax Appeals
12 B.T.A. 181; 1928 BTA LEXIS 3590;
May 28, 1928, Promulgated
In 1920 the petitioner determined that a portion of certain accounts receivable would never be collected and accordingly charged off to profit and loss the portions which it determined would not be collected. Held, that the amounts charged off are not deductible from gross income.
George E. H. Goodner, Esq., for the petitioner.
J. E. Marshall, Esq., for the respondent.
SM…
2Cases cited1 opinion
- Davidson Grocery Co. v. CommissionerUnited States Board of Tax Appeals · 1928