Missouri Pac. R.R. v. Commissioner
United States Board of Tax Appeals
1. Amounts set up on the taxpayer's books as representing the cost of transportation of men and materials used in connection with betterments and improvements are not under the facts presented deductible as operating expenses. 2. The taxpayer and American Refrigerator Transit Company, held to be affiliated.
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1. Amounts set up on the taxpayer's books as representing the cost of transportation of men and materials used in connection with betterments and improvements are not under the facts presented deductible as operating expenses. 2. The taxpayer and American Refrigerator Transit Company, held to be affiliated. American Refrigerator Transit Co.,14 B.T.A. 616, followed. 3. An amount paid by the taxpayer in 1920 to the Association of Railway Executivesheld to be deductible as an ordinary and necessary expense. 4. Where a railway company issued bonds at a discount which was at the date of issue…
1Opinion of the Court
MISSOURI PACIFIC RAILROAD COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Missouri Pac. R.R. v. Commissioner
Docket No. 33301.
United States Board of Tax Appeals
22 B.T.A. 267; 1931 BTA LEXIS 2145;
February 20, 1931, Promulgated
1. Amounts set up on the taxpayer's books as representing the cost of transportation of men and materials used in connection with betterments and improvements are not under the facts presented deductible as operating expenses.
2. The taxpayer and American Refrigerator Transit Company, held to be affiliated. American Refrigerator Transit Co.,14 B.T.A.…
2Cases cited19 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Fawcus MacHine Co. v. United StatesSupreme Court of the United States · 1931
- Marr v. United StatesSupreme Court of the United States · 1925
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