Case Name: Appeal of TOWNSEND LUMBER CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-03-25
Citations: 1 B.T.A. 894
Docket Number: Docket No. 830
Parties: Appeal of TOWNSEND LUMBER CO.
Judges: Before James, Sternhagen, and Trussell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 894–896

Head Matter:
Appeal of TOWNSEND LUMBER CO.
Docket No. 830.
Submitted February 26, 1925;
decided March 25, 1925.
J. Alex Neely, Jr., Esq., for the taxpayer.
Arthur J. Seaton, Esq., for the Commissioner.
Before James, Sternhagen, and Trussell.

Opinion:
DECISION.
The accounts shown by the taxpayer's Exhibit 1, aggregating $37,779.31 — $9,233.74 for the year 1919, and $28,545.57 for the year 1920 — were properly deductible from gross income in such years, respectively. The deficiency should be recomputed accordingly, and final decision will loe settled on consent or on 15 days' notice in accordance with Rule 50.