1930 BTA LEXIS 2461 | B.T.A. | 1930
Lead Opinion
Instead of disallowing the amounts set forth in the petitioner’s allegation of error, it appears from the deficiency notice that the Commissioner has disallowed a deduction of $50,000 for each year and has also allowed deductions for depletion which the petitioner did not claim in its returns. Our question is to determine whether there is any error in this action of the Commissioner.
Whether the $50,000 paid in each of the taxable years was a bonus or advance payment of rental, these payments should not be deducted in their entirety in the taxable years.
Judgment will be entered for the respondent-.