Staub Coal Co. v. Commissioner

STAUB COAL CO., PETITIONER, v. COMMISSIONER OF INTERNAL, REVENUE, RESPONDENT.

Staub Coal Co. v. Commissioner

Docket No. 12908.

United States Board of Tax Appeals

16 B.T.A. 584; 1929 BTA LEXIS 2556;

May 15, 1929, Promulgated

Depletion deductions for a given year may not be revised upon the basis of facts determined in subsequent years.

Sam E. Whitaker, Esq., for the petitioner.

Maxwell E. McDowell, Esq., for the respondent.

MURDOCK

The Commissioner determined a deficiency in income and profits taxes for the calendar year 1920 in the amount of $1,834.50. The petitioner alleges that the Commissioner erred…