United States Board of Tax Appeals June 7, 1934, Docket Nos. 61809, 70366, 70367, 72800, 72801. (Portland Furniture Mfg. Co. v. Commissioner)

lead-opinion

*880OPINION.

Artjndell:

We have but two questions for decision. First, whether the Portland Co. is entitled to a deduction of the amount paid in 1929 as its share of the expenses of investigating the feasi*881bility of a proposed merger in 1929. Petitioner claims, and lias offered evidence to establish, its claim, that the proposed merger was abandoned in 1929.