American Laundry Machinery Co. v. Commissioner
United States Board of Tax Appeals
Under the laws of Ohio, as amended in 1931, there was no liability in that year for personal property taxes on inventories of manufacturers and property invested in or converted into bonds or other securities not taxed, and the petitioner is not entitled to accrue such taxes in 1931 for income tax deduction purposes.
1Opinion of the Court
THE AMERICAN LAUNDRY MACHINERY COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
American Laundry Machinery Co. v. Commissioner
Docket No. 75721.
United States Board of Tax Appeals
32 B.T.A. 793; 1935 BTA LEXIS 890;
June 17, 1935, Promulgated
Under the laws of Ohio, as amended in 1931, there was no liability in that year for personal property taxes on inventories of manufacturers and property invested in or converted into bonds or other securities not taxed, and the petitioner is not entitled to accrue such taxes in 1931 for income tax deduction purposes.
John Weld Peck, Esq.,…
2Cases cited8 opinions
- H. H. Brown Co. v. CommissionerUnited States Board of Tax Appeals · 1927
- Leamington Hotel Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- California Sanitary Co. v. CommissionerUnited States Board of Tax Appeals · 1935
- Grand Hotel Co. v. CommissionerUnited States Board of Tax Appeals · 1930
- Texas Coca-Cola Bottling Co. v. CommissionerUnited States Board of Tax Appeals · 1934
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