United States Board of Tax Appeals January 31, 1933, Docket No. 46093. (Pidgeon-Thomas Iron Co. v. Commissioner)

lead-opinion

OPINION.

Lansdon :

The respondent has asserted a deficiency in income tax for the period from February 1 to December 31, 1927, in the amount of $2,589.24. The only question involved is whether the respondent erroneously disallowed as a deduction from income in the taxable period, the amount of $20,000 paid out by the petitioner for legal services.