United States Tax Court September 13, 1963, Docket No. 90048 (Koree v. Commissioner)

OPINION

Raum, Judge:

We cannot agree that the rent paid by petitioner in respect of the Cuban corporation’s obligations under the lease constituted expenses incurred by him “in carrying on” his “trade or business” within section 162, I.R.C. 1954, as urged by him. He relies on no other statutory provision.