W. B. Harbeson Lumber Co. v. Commissioner
United States Board of Tax Appeals
1. Deductions allowable from income for the taxable years on account of expenses and bad debts determined from the evidence. 2. Factors for computing depreciation and depletion deductions in the taxable years by unit-of-production method, determined. 3. On the facts, held that, for purposes of depreciation and depletion, timber purchased by the petitioner during the taxable years became available only on dates of actual purchase.
1Opinion of the Court
*549OPINION.
Teammell:
Numerous issues were raised by the petitioner in its pleadings respecting deductions claimed by it from income for the taxable years and disallowed by the respondent. At the hearing petitioner conceded the correctness of the respondent’s action as to certain of the said deductions, thus abandoning in effect its contentions to that extent. It results from' these concessions of the petitioner that the respondent’s determinations on those points now stand unchallenged, and further detailed reference thereto is unnecessary here.
Also, at the hearing respondent conceded that the…
2Cited by9 opinions
- Mitchell v. CommissionerUnited States Tax Court · 1990
- Batman v. CommissionerUnited States Tax Court · 1950
- Bay Counties Title Guaranty Co. v. CommissionerUnited States Tax Court · 1960
- Bay Counties Title Guaranty Co. v. CommissionerUnited States Tax Court · 1960
- Bay Counties Title Guaranty Co. v. CommissionerUnited States Tax Court · 1960
4 more not listed; retrieve them via the Exa API.