United States Board of Tax Appeals September 29, 1926, Docket No. 1114. (Troost Ave. Cemetery Ass'n. v. Commissioner)

lead-opinion

*1171OPINION.

SteRnhagen :

The Commissioner has disallowed the deduction of the aforesaid amounts of $4,116.33 for 1920, $5,801.93 for 1921, and $6,537.61 for 1922, “ inasmuch as such fund constitutes a reserve to provide for the future expenses of the corporation.” In this we think he was in error.