Case: Irving L. Ernst, Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Ernst v. Commissioner
Decision Date: 1930-01-27
Docket Number: Docket No. 25586
Citation: 18 B.T.A. 928
Volume: 18
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Irving L. Ernst, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 928–929

Head Matter:
Irving L. Ernst, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 25586.
Promulgated January 27, 1930.
Alex M. Hamburg, Esq., for the petitioner.
T. M. Mather, Esq., for the respondent.

Opinion:
OPINION.
LaNSdon :
The evidence fails to support the contention of the petitioner. At the close of each of the years for which bad debt deductions are claimed the company had assets of such substantial value that it is impossible to find that its obligations were worthless in the hands of the holder thereof. The deficiencies determined by the Commissioner are approved. T. C. Power & Brother, 6 B. T. A. 835.
Decision will he entered for the respondent.