United States Board of Tax Appeals April 23, 1928, Docket No. 9576 (Springfield Mutual Ass'n v. Commissioner)

*778OPINION.

Littleton :

The parties have stipulated the foregoing facts, as well as that the only issue in controversy is whether the $5,000 deposited in 1919 constituted a deduction for 1920 under the provisions of section 234 (a) 10 (a) of the Revenue Act of 1918 which provides that, in addition to deductions allowable to other corporations, there shall be allowed in the case of insurance