Times-Picayune Publishing Co. v. Commissioner
United States Board of Tax Appeals
Expenditures made by petitioner in maintaining a chair in journalism in Tulane University for the purpose of bettering its service to the public as a news gatherer and dispenser, which were reasonably expected to bring returns to it in dollars and cents, constituted deductible items of expense under section 234(a) of the Revenue Act of 1926.
1Opinion of the Court
TIMES-PICAYUNE PUBLISHING COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Times-Picayune Publishing Co. v. Commissioner
Docket Nos. 48892, 49539.
United States Board of Tax Appeals
27 B.T.A. 277; 1932 BTA LEXIS 1092;
December 9, 1932, Promulgated
Expenditures made by petitioner in maintaining a chair in journalism in Tulane University for the purpose of bettering its service to the public as a news gatherer and dispenser, which were reasonably expected to bring returns to it in dollars and cents, constituted deductible items of expense under section 234(a) of the Revenue Act…
2Cases cited3 opinions
- Old Mission Portland Cement Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- Rodeo-Vallejo Ferry Co. v. CommissionerUnited States Board of Tax Appeals · 1931
- Times-Picayune Publishing Co. v. CommissionerUnited States Board of Tax Appeals · 1932