Court Opinion

ID: 4478847
Source: CourtListenerOpinion
Date Created: 2020-01-16 21:13:19.627684+00
Date Added: 2024-06-11T15:03:31.449299
License: Public Domain

OPINION. Opper, Judge: Of the three issues presented, two — the propriety of deductions for interest paid and contributions to charity — are disposed of in petitioner’s favor on the authority first, of L. Lee Stanton, 34 T.C. 1, and Fabreeka Products Co., 34 T.C. 290, and second, of Maysteel Products, Inc., 33 T.C. 1021. The third deduction claimed, that for amortization of bond premium, is disallowed on the authority of Maysteel Products, Inc., supra. Beviewed by the Court. Decision will be entered under Buie 50. Fisher, J., concurs in the result. BRUCE, J., dissents.