American Twist Drill Co. v. Commissioner
United States Tax Court
Held, petitioner failed to file application for a necessity certificate for an amortization deduction under section 124 (a), Internal Revenue Code, for certain drill milling machines within six months after the beginning of construction thereof as required by section 124 (f) (3), Internal Revenue Code, and, hence, is not entitled to such deduction for the taxable year 1941.
1Opinion of the Court
American Twist Drill Company, a Michigan Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
American Twist Drill Co. v. Commissioner
Docket No. 12514
United States Tax Court
11 T.C. 200; 1948 U.S. Tax Ct. LEXIS 103;
August 23, 1948, Promulgated
Decision will be entered for the respondent.
Held, petitioner failed to file application for a necessity certificate for an amortization deduction under section 124 (a), Internal Revenue Code, for certain drill milling machines within six months after the beginning of construction thereof as required by section 124 (f) (3), Internal…
2Cases cited1 opinion
- American Twist Drill Co. v. CommissionerUnited States Tax Court · 1948