Court Opinion

ID: 6801727
Source: CourtListenerOpinion
Date Created: 2022-07-23 18:42:41.412314+00
Date Added: 2024-06-11T16:03:16.276188
License: Public Domain

*885OPINION.
Smith
: The asserted deficiency in this appeal rests entirely upon the. claim of the Commissioner that the New York State transfer tax is not an allowable deduction from gross income. Both the courts amd the Board have held otherwise. Keith v. Johnson, 3 Fed. (2d) 361; Farmers' Loan & Trust Co. v. United States, 9 Fed. (2d) 688; Appeal of Edgar Munson, 3 B. T. A. 185; Appeal of Farmers Loan & Trust Co., 3 B. T. A. 97.