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First State Bank of Weimar v. Commissioner of Internal Revenue
Opinions in this case
- Opinion
- Majority — Love
- Majority — Love
[397] OPINION.
Love :
The petitioner’s contention in respect of the issue presented in these proceedings has been considered and sustained by the Board in First State Bank of Brackettville, 9 B. T. A. 975. The amounts paid into the Fund during the year in question as a result of either or both annual and/or special assessments are properly deductible from gross income for the year in which paid.
Judgment will be entered on 15 days' notice, under Bule 50.