United States Board of Tax Appeals November 8, 1924, Docket No. 148. (Chalmers Liquor Co. v. Commissioner)

lead-opinion

*52OPINION.

Graupner:

The taxpayer alleges that the Commissioner erred in not allowing as deductions from gross sales of the corporation that which it declares to be the actual cost of merchandise or the actual cost of sales. In other words, it is contended that the $15,000 paid.