A. J. Tower Co. v. Commissioner
United States Board of Tax Appeals
1. AMORTIZATION. - Held, deductions claimed in 1918 and 1919 returns for amortization of war facilities should be reduced by as much of an award received in 1920 from the War Department as was made to cover loss in war facilities. 2. L. S. Ayers & Co.,1 B.T.A. 1135, followed.
1Opinion of the Court
A. J. TOWER CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
A. J. Tower Co. v. Commissioner
Docket No. 11402.
United States Board of Tax Appeals
16 B.T.A. 101; 1929 BTA LEXIS 2643;
April 22, 1929, Promulgated
1. AMORTIZATION. - Held, deductions claimed in 1918 and 1919 returns for amortization of war facilities should be reduced by as much of an award received in 1920 from the War Department as was made to cover loss in war facilities.
2. L. S. Ayers & Co.,1 B.T.A. 1135, followed.
W. S. Felton, Esq., for the petitioner.
L. L. Hight, Esq., for the respondent.
ARUNDELL
Petitioner appeals…
2Cases cited2 opinions
- L. S. Ayers & Co. v. CommissionerUnited States Board of Tax Appeals · 1925
- A. J. Tower Co. v. CommissionerUnited States Board of Tax Appeals · 1929