Buffalo Union Furnace Co. v. Commissioner
United States Board of Tax Appeals
1. An allowance determined for exhaustion, wear and tear of property used in the iron furnace business, including a reasonable allowance for obsolescence. 2. Expenditures incident to the restoration of petitioner's dock classified as between capital and expense items. 3. Petitioner performed certain switching service from 1905 to 1914, without receiving payment therefor, when its competitors were either receiving payment for rendering such service or the service was being…
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1. An allowance determined for exhaustion, wear and tear of property used in the iron furnace business, including a reasonable allowance for obsolescence. 2. Expenditures incident to the restoration of petitioner's dock classified as between capital and expense items. 3. Petitioner performed certain switching service from 1905 to 1914, without receiving payment therefor, when its competitors were either receiving payment for rendering such service or the service was being rendered for them without charge. In 1911 the Interstate Commerce Commission found that the discriminatory practice…
1Opinion of the Court
BUFFALO UNION FURNACE COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Buffalo Union Furnace Co. v. Commissioner
Docket Nos. 16075, 16076.
United States Board of Tax Appeals
23 B.T.A. 439; 1931 BTA LEXIS 1871;
May 28, 1931, Promulgated
1. An allowance determined for exhaustion, wear and tear of property used in the iron furnace business, including a reasonable allowance for obsolescence.
2. Expenditures incident to the restoration of petitioner's dock classified as between capital and expense items.
3. Petitioner performed certain switching service from 1905 to 1914, without…
2Cases cited15 opinions
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- United States v. AndersonSupreme Court of the United States · 1926
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Fawcus MacHine Co. v. United StatesSupreme Court of the United States · 1931
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