Court of Appeals for the Third Circuit
Meyer A. Mathiasen and Evelyn Mathiasen v. Commissioner of Internal Revenue
11 A.F.T.R.2d (RIA) 363 · 310 F.2d 738
December 28, 1962 · Docket 13951_1
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Opinion
Upon review of the record we find no error in the holding of the Tax Court that the payment made by the petitioners (taxpayers) in compromise of litigation was not a deductible expense under either Section 162 or Section 212 of the Internal Revenue Code of 1954.
The Decision of the Tax Court will be affirmed.