Appellate Division of the Supreme Court of New York, 1926

People ex rel. Bass v. Loughman

People ex rel. Bass v. Loughman
Appellate Division of the Supreme Court of New York · Decided November 15, 1926
218 A.D. 800; 218 N.Y.S. 861
People ex rel. Bass v. Loughman

Opinion of the Court

Motion for leave to appeal to the Court of Appeals granted and the following question certified: “Were the payments made under the seventh clause of the partnership agreement of George C. Lee & Company income to the Lee estate and, therefore, deductible from the partnership income in calculating the distributive shares of the surviving partners upon which they must pay income tax?- ” Present — Cochrane, P. J., Van Kirk, Hinman, McCann and Davis, JJ.

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