Bank of Houston v. Commissioner
United States Tax Court
Where petitioner sought to deduct as ordinary and necessary business expenses the cost of certain items of work incidental to a general plan of rehabilitation, improvement, and modernization of its bank building, held, none of the expenditures incidental to the over-all project represented ordinary and necessary expenses of petitioner's business and such expenditures should be capitalized and recovered during the remaining useful life of the building.
1Opinion of the Court
Bank of Houston v. Commissioner.
Bank of Houston v. Commissioner
Docket No. 77068.
United States Tax Court
T.C. Memo 1960-110; 1960 Tax Ct. Memo LEXIS 175; 19 T.C.M. (CCH) 589; T.C.M. (RIA) 60110;
May 31, 1960
Where petitioner sought to deduct as ordinary and necessary business expenses the cost of certain items of work incidental to a general plan of rehabilitation, improvement, and modernization of its bank building, held, none of the expenditures incidental to the over-all project represented ordinary and necessary expenses of petitioner's business and such expenditures should be capitalized and…
2Cases cited16 opinions
- Illinois Merchants Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Joseph Merrick Jones and Eugenie Penick Jones v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1957
- Alexander Sprunt & Son v. Commissioner of Int. Rev.Court of Appeals for the Fourth Circuit · 1933
- Cochrane v. CommissionerUnited States Board of Tax Appeals · 1931
- California Casket Co. v. CommissionerUnited States Tax Court · 1952
11 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Jerome S. Moss, Sandra Moss, Sharon M. Alesia, Herb Alpert, and Lani Alpert v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1987
- Marion J. Wells v. CommissionerUnited States Tax Court · 2018