# Coast Counties Gas & Electric Co. v. Commissioner > United States Board of Tax Appeals · February 26, 1936 · 33 B.T.A. 1199 URL: https://www.frixlaw.com/law-library/cases/4495793 ## Case - **Full name:** COAST COUNTIES GAS & ELECTRIC COMPANY, v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** February 26, 1936 - **Citations:** 33 B.T.A. 1199; 1936 BTA LEXIS 768 - **Precedential status:** Published - **Opinion:** Dissent by Black - **Judges:** McMahon, Trammell, Smith, Agree, Morris, Black, Arundell - **Cited by:** 3 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/4495793 ## Opinion text Black, dissenting: I dissent on the first point wherein the opinion holds that the taxpayer may not deduct as a business expense, the amount of bond premiums paid in redemption of bonds issued by petitioner’s subsidiaries, which bonds petitioner had assumed and agreed to pay in the purchase of the assets of the subsidiaries. I think that a correct interpretation of article 68, Regulations 74, sustains petitioner’s contention with respect to the items of bond premiums and that the deductions claimed with respect thereto should be allowed. Arundell and Leech agree with this dissent. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4495793. Public record. Not legal advice.