Case Name: Leighton Brothers Printing Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-10-25
Citations: 8 B.T.A. 1006
Docket Number: Docket No. 10329
Parties: Leighton Brothers Printing Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: Considered by Littleton, Love, and Teussell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 8
Pages: 1006–1008

Head Matter:
Leighton Brothers Printing Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 10329.
Promulgated October 25, 1927.
W. Yale Smiley, Esq., for the petitioner.
James A. O’Oallagkm., Asgi, for the respondent.

Opinion:
OPINION.
Smith :
The only questions for the determination of the Board in this proceeding are the reasonableness of the salary paid to the president for the year 1920, and whether such amount was an ordinary and necessary expense of the business..
We are of the opinion from a consideration of the entire evidence that both of these questions must be answered in the affirmative.
Judgment will be entered on 15 days' notice, under Rule 50.
Considered by Littleton, Love, and Teussell.