# Domenico Fante's Sons, Inc. v. Commissioner

> United States Board of Tax Appeals · October 30, 1925 · 2 B.T.A. 1098

URL: https://www.frixlaw.com/law-library/cases/4490488

## Case

- **Full name:** APPEAL OF DOMENICO FANTE'S SONS, INC.
- **Court:** United States Board of Tax Appeals
- **Decided:** October 30, 1925
- **Citations:** 2 B.T.A. 1098; 1925 BTA LEXIS 2144
- **Precedential status:** Published
- **Opinion:** Opinion of the court
- **Judges:** Phillips, Graupner, Trammell
- **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/4490488

## Opinion text

This appeal is from the determination of a deficiency in income tax for the calendar year 1922 and is based upon the action of the Commissioner in disallowing a deduction' in that year on account of a net loss incurred for the period from July 1, 1921, to December 31, 1921.
*1099 FINDINGS OF FACT.
The taxpayer was organized and began business on July 1, 1921, and closed its books December 31, 1921, and December 31, 1922. The first taxable period was that from July 1 to December 31, 1921. During its first taxable period it suffered a net loss in the operation of its trade or business in the amount of $611.40, and in its return for 1922 it deducted from gross income the $611.40 in question, which deduction was disallowed by the Commissioner.
The above facts were stipulated by counsel.
DECISION.
The deficiency determined by the Commissioner is disallowed. Appeal of Carroll Chain Co., 1 B. T. A. 38.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4490488. Public record. Not legal advice.