United States Board of Tax Appeals September 28, 1925, Docket No. 3477. (L. A. Thompson S. R. Co. v. Commissioner)

lead-opinion

*665OPINION.

Marquette:

Our decision is controlled by that in Appeal of Pan-American Hide Co., 1 B. T. A. 1249. The taxpayer endeavors to distinguish this appeal for the reason that the failure of the taxpayer to carry insurance was involuntary, as no company would assume the risk. The distinction is not fundamental.