United States Board of Tax Appeals August 8, 1933, Docket No. 65207. (Woodlawn Cemetery Asso. v. Commissioner)

lead-opinion

*884OPINION.

Smith:

The petitioner’s principal contention is that it is entitled to deduct either as an ordinary and necessary business expense or as a loss in the years 1928 and 1929, the amounts paid over in those years to the Union Trust Co. as trustee for the perpetual care fund.