Gulf, Mobile & N. R.R. v. Commissioner

*244OPINION.

Trammell:

Several assignments of error have been admitted by the respondent, necessitating adjustments in the net incomes determined in the deficiency notices, as follows:

Docket No. 24887.

Net income for 1920 should be reduced (1) by $7,918.02 on account of “ so-called ‘ donations ’ ”; (2) by $150,196.34, on account of “ depreciation on equipment sustained during the Federal control period and charged to the Director General of Railroads, but which was not allowed by him in the final settlement in 1920; (3) by $82,187.99, on account of “ overmaintenance charged to petitioner in the…