International-Great N. R. Co. v. Commissioner
United States Board of Tax Appeals
1. In 1920 the petitioner's transferor was awarded additional compensation for the use of its properties during the period of Federal control and accrued such additional compensation upon its books of account as income for 1920. Held, that the additional compensation received was taxable ratably over the period of Federal control. 2. In 1920 the petitioner's transferor received additional compensation for transporting United States mail during the years 1916 and 1917 and…
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1. In 1920 the petitioner's transferor was awarded additional compensation for the use of its properties during the period of Federal control and accrued such additional compensation upon its books of account as income for 1920. Held, that the additional compensation received was taxable ratably over the period of Federal control. 2. In 1920 the petitioner's transferor received additional compensation for transporting United States mail during the years 1916 and 1917 and accrued such income upon its books of account in 1920. The payment was made pursuant to a report of the Interstate Commerce…
1Opinion of the Court
INTERNATIONAL-GREAT NORTHERN RAILROAD COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
International-Great N. R. Co. v. Commissioner
Docket No. 25520.
United States Board of Tax Appeals
24 B.T.A. 726; 1931 BTA LEXIS 1604;
November 11, 1931, Promulgated
1. In 1920 the petitioner's transferor was awarded additional compensation for the use of its properties during the period of Federal control and accrued such additional compensation upon its books of account as income for 1920. Held, that the additional compensation received was taxable ratably over the period of Federal control.
2Cases cited22 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Lucas v. Ox Fibre Brush Co.Supreme Court of the United States · 1930
- United States v. WhitridgeSupreme Court of the United States · 1913
- Reinecke v. GardnerSupreme Court of the United States · 1928
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