1934 BTA LEXIS 1399 | B.T.A. | 1934
Lead Opinion
The facts developed in this case bring it within the principle of Great Northern Ry. Co., 8 B.T.A. 225, wherein we held that the taxpayer was not required to include uncollectible interest in income even though its books were kept on the accrual basis. The evidence in this case establishes to our entire satisfaction not only that the rentals were uncollectible in full within the year when due, but also that collection in the future was highly improbable
Decision will be entered under Rule 50.