Legal Opinion
The Kramertown Company, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided January 23, 1974No. 73-2809PublishedCited by 37 opinions
1Opinion of the Court
CLARK, Circuit Judge:
The Kramertown Company (taxpayer) appeals from the tax court’s holding that the cost of certain rooftop air conditioning and heating units was not eligible for the investment credit. 1 We affirm.
The facts relevant to this appeal were mainly stipulated and are in part as follows. Taxpayer is the owner of a seven store shopping center. It provides rooftop heating and air conditioning units to six of the center’s store tenants pursuant to negotiated leases. 2 The eleven units provided for these six stores cost the taxpayer 69,021.71 dollars. These dual energy units are…
2Cases cited3 opinions
- Watson v. CommissionerSupreme Court of the United States · 1953
- Minot Federal Savings & Loan Assn. v. United StatesCourt of Appeals for the Eighth Circuit · 1970
- Ft. Walton Square, Inc. v. CommissionerUnited States Tax Court · 1970
3Cited by37 opinions
- Anderson, Clayton & Co., Plaintiff-Appellee-Cross-Appellant v. United States of America, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1977
- Piggly Wiggly Southern, Inc., Southern Graphic Art and Georgia Sales Company v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1986
- Piggly Wiggly Southern, Inc. v. CommissionerUnited States Tax Court · 1985
- Consolidated Freightways, Inc. & Affiliates v. CommissionerUnited States Tax Court · 1980
- Yellow Freight System, Inc. v. United StatesCourt of Appeals for the Eighth Circuit · 1976
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