Alabama Mineral Land Co. v. Commissioner
United States Board of Tax Appeals
1. Fair market value of timber and timber lands on March 1, 1913, determined. 2. Petitioner's right to take deductions from its gross income for funds embezzled by its secretary and treasurer, sustained.
1Opinion of the Court
ALABAMA MINERAL LAND COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Alabama Mineral Land Co. v. Commissioner
Docket Nos. 56960, 69007.
United States Board of Tax Appeals
28 B.T.A. 586; 1933 BTA LEXIS 1097;
June 29, 1933, Promulgated
1. Fair market value of timber and timber lands on March 1, 1913, determined.
2. Petitioner's right to take deductions from its gross income for funds embezzled by its secretary and treasurer, sustained.
Geo. E. H. Goodner, Esq., for the petitioner.
Hartford Allen, Esq., for the respondent.
LANSDON
The respondent has determined deficiencies in income…
2Cases cited1 opinion
- Alabama Mineral Land Co. v. CommissionerUnited States Board of Tax Appeals · 1933