# National Bank of New Jersey v. Commissioner

> United States Board of Tax Appeals · May 26, 1925 · 1 B.T.A. 1238

URL: https://www.frixlaw.com/law-library/cases/4487192

## Case

- **Full name:** Appeal of NATIONAL BANK OF NEW JERSEY.
- **Court:** United States Board of Tax Appeals
- **Decided:** May 26, 1925
- **Citations:** 1 B.T.A. 1238; 1925 BTA LEXIS 2595
- **Precedential status:** Published
- **Opinion:** Opinion of the court
- **Judges:** Korner, Ivins, Marquette
- **Cited by:** 0 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4487192

## Opinion text

DECISION.
The determination of the Commissioner is approved. The provisions of section 234 (a) (2) of the Revenue Act of 1918 permit the deduction of interest paid or accrued within the taxable year and do not contemplate the deduction of both interest paid and interest accrued within such year.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4487192. Public record. Not legal advice.