- 13 -
legislative history indicates that Congress wanted to extend this
type of deduction to expenditures that were incurred during a
year when the taxpayer was already exempt from income tax.
We hold that petitioner is not entitled to the claimed
amortization deductions under section 177(a).
An appropriate order
will be issued.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13
Last modified: May 25, 2011