# Peerless Pac. Co. v. Commissioner > United States Board of Tax Appeals · January 21, 1928 · 10 B.T.A. 103 URL: https://www.frixlaw.com/law-library/cases/4487562 ## Case - **Full name:** PEERLESS PACIFIC CO., v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** January 21, 1928 - **Citations:** 10 B.T.A. 103; 1928 BTA LEXIS 4200 - **Precedential status:** Published - **Opinion:** Opinion of the court by Arundell - **Judges:** Arundell - **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/4487562 ## Opinion text *106 OPINION. Arundell : The amounts sought to be deducted were authorized by petitioner’s board of directors as additional compensation to Babson to be measured by the amounts of premiums on life insurance policies taken out by him on his own life. These sums were paid by petitioner and were reported by Babson in his income-tax returns as additional compensation to him. No question is raised that the total amount paid to and on behalf of Babson does not constitute reasonable compensation and we are satisfied that the amounts paid do in fact constitute reasonable compensation. It follows that the deduction sought by petitioner should be permitted. Judgment toill he entered on 15 days' notice, under Rule 50. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4487562. Public record. Not legal advice.