Rowe v. Commissioner
United States Board of Tax Appeals
On March 1, 1913, the petitioner was the owner through agents of certain leases of oyster lands in Narragansett Bay. The leases ran for a term of 10 years. By custom the lesee had the right to indefinitely renew the lease. The petitioner had invested from $100 to $200 per acre in cleaning the lands covered by the leases for oyster culture.
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On March 1, 1913, the petitioner was the owner through agents of certain leases of oyster lands in Narragansett Bay. The leases ran for a term of 10 years. By custom the lesee had the right to indefinitely renew the lease. The petitioner had invested from $100 to $200 per acre in cleaning the lands covered by the leases for oyster culture. The March 1, 1913, value of the leases held by the petitioner through his agents was not less than $100 multiplied by the number of acres covered by the lease. After March 1, 1913, the lands became polluted with industrial wastes to such an extent that they…
1Opinion of the Court
HENRY C. ROWE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Rowe v. Commissioner
Docket No. 18216.
United States Board of Tax Appeals
19 B.T.A. 906; 1930 BTA LEXIS 2298;
May 12, 1930, Promulgated
On March 1, 1913, the petitioner was the owner through agents of certain leases of oyster lands in Narragansett Bay. The leases ran for a term of 10 years. By custom the lesee had the right to indefinitely renew the lease. The petitioner had invested from $100 to $200 per acre in cleaning the lands covered by the leases for oyster culture. The March 1, 1913, value of the leases held by the…
2Cases cited1 opinion
- Rowe v. CommissionerUnited States Board of Tax Appeals · 1930