United States Board of Tax Appeals April 21, 1926, Docket No. 5593. (Eagle Shoe Mfg. Co. v. Commissioner)

lead-opinion

OFINION.

TRussell :

The writing off of bad debts and their deduction from gross income during the taxable year ‘here under consideration is governed by section 234 (a) (5) of the Revenue Act of 1921, which reads as follow^:

Debts ascertained to be worthless and charged off within the taxable year (or in the discretion of the Commissioner, a reasonable addition to a reserve for bad