Forrester Box Co. v. Commissioner
United States Board of Tax Appeals
The evidence fails to establish cost to petitioner of certain promissory notes disposed of in 1923.
1Opinion of the Court
OPINION.
Lansdon:
The respondent has asserted deficiencies in income tax for 1923, 1924 and 1925 in the respective amounts of $1,411.20, $1,675.77 and $1,755.23. The deficiencies arise from the respondent’s action in disallowing a deduction of $102,449.47 alleged to represent a loss from the disposition, in 1923, of certain notes receivable and in refusing to carry forward an alleged net loss to the two succeeding taxable years. The evidence offered consists of a stipulation of facts, with exhibits attached thereto, and certain testimony taken in D. Bruce Forrester et al., 12 B. T. A. 104.
The…
2Cited by6 opinions
- Forrester Box Co. v. CommissionerCourt of Appeals for the Eighth Circuit · 1941
- Langwell Real Estate Corp. v. CommissionerUnited States Board of Tax Appeals · 1934
- Forrester Box Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- Forrester Box Co. v. CommissionerUnited States Board of Tax Appeals · 1941
- Langwell Real Estate Corp. v. CommissionerUnited States Board of Tax Appeals · 1934
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