United States Board of Tax Appeals March 21, 1929, Docket No. 19625. (Harrisburg Hospital, Inc. v. Commissioner)

lead-opinion

*1016OPINION.

Trammell :

The expenditure of $4,243.90 to the Edward J. McCormick Co. as compensation for services in carrying on the selling campaign in an effort to sell the petitioner’s capital stock is not an ordinary and necessary expense. See C. H. Lilly Co., 2 B. T. A. 1058; Emerson Electric Manufacturing Co., 3 B. T. A. 932; Simmons Co., 8 B. T. A. 631.