González Padín Co. v. Tax Court of Puerto Rico

In 1943 the Treasurer notified Padín of income tax deficiencies of 1937 to 1941, inclusive. Padín filed a petition with the Treasurer in which it not only asked for reconsideration of the 1938 deficiency hut also made a claim for deduc*912tion of interest it liad paid in 1938 but bad failed to deduct in its return for that year. In 1944 the Treasurer denied this petition insofar as it asked for reconsideration of the 1938 deficiency but granted the claim for deduction of the interest Padín had paid and failed to deduct in 1938. Since this interest was a larger sum that the improper deductions on…