F. M. Hubbell Son & Co. v. Burnet

OTIS, District Judge.

This is a petition to review a decision of the Board of Tax Appeals approving deficiencies in the income and profits tax of the appellant for the years 1924, 1925, and 1926 in the respective amounts of $913.88, $1,351.-74, ’and $1,685.68.

The appellant is an Iowa corporation with, its principal place of business in Des Moines, where it is engaged in the ownership, development, and rental of real estate. In the years 1924,1925, and 1926 it was required by special assessments to make expenditures on account of paving, curbing, and sidewalk improvements in connection with…