Pierce v. Commissioner
United States Board of Tax Appeals
Amounts paid by a member of a brokerage firm for the purpose of securing evidence with which to suppress bucket shops are deductible as an ordinary and necessary business expense.
1Opinion of the Court
EDWARD A. PIERCE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Pierce v. Commissioner
Docket No. 19017.
United States Board of Tax Appeals
18 B.T.A. 447; 1929 BTA LEXIS 2045;
December 6, 1929, Promulgated
Amounts paid by a member of a brokerage firm for the purpose of securing evidence with which to suppress bucket shops are deductible as an ordinary and necessary business expense.
Thomas Davis Day, Jr., Esq., and Robert Hardison, Esq., for the petitioner.
L. A. Luce, Esq., for the respondent.
PHILLIPS
This proceeding involves the redetermination of a deficiency in income tax for the…
2Cases cited1 opinion
- Pierce v. CommissionerUnited States Board of Tax Appeals · 1929