Wolkowitz v. Commissioner
United States Tax Court
1. Upon the evidence, held, that the respondent did not err in determining that the sales of the petitioner corporation for the fiscal year ended March 31, 1941, were understated in the amount of $25,772.21. 2. Upon the evidence, held, the reasonable compensation for each of the officers of the petitioner corporation for the fiscal year ended March 31, 1941, to be allowed as a deduction as found. 3. Upon the evidence, held, that the respondent erred in disallowing certain…
Read the full summary
1. Upon the evidence, held, that the respondent did not err in determining that the sales of the petitioner corporation for the fiscal year ended March 31, 1941, were understated in the amount of $25,772.21. 2. Upon the evidence, held, the reasonable compensation for each of the officers of the petitioner corporation for the fiscal year ended March 31, 1941, to be allowed as a deduction as found. 3. Upon the evidence, held, that the respondent erred in disallowing certain deductions by the corporation for the fiscal year ending March 31, 1941, as legal expenses. 4. Upon the evidence, held,…
1Opinion of the Court
Abe Wolkowitz et al., 1 v. Commissioner.
Wolkowitz v. Commissioner
Docket Nos. 15249, 15250, 15251, 15254, 15256, 15257.
United States Tax Court
1949 Tax Ct. Memo LEXIS 101; 8 T.C.M. (CCH) 754; T.C.M. (RIA) 49212;
August 25, 1949
1. Upon the evidence, held, that the respondent did not err in determining that the sales of the petitioner corporation for the fiscal year ended March 31, 1941, were understated in the amount of $25,772.21.
2. Upon the evidence, held, the reasonable compensation for each of the officers of the petitioner corporation for the fiscal year ended March 31, 1941, to be allowed…
2Cases cited16 opinions
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Commissioner v. TowerSupreme Court of the United States · 1946
- Mitchell v. CommissionerUnited States Board of Tax Appeals · 1939
- Hirschman v. CommissionerUnited States Tax Court · 1949
- Mitchell v. CommissionerUnited States Board of Tax Appeals · 1935
11 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Haman v. CommissionerUnited States Tax Court · 1972