Louis Pizitz Dry Goods Co. v. Commissioner

LOUIS PIZITZ DRY GOODS COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Louis Pizitz Dry Goods Co. v. Commissioner

Docket No. 46585.

United States Board of Tax Appeals

22 B.T.A. 161; 1931 BTA LEXIS 2154;

February 17, 1931, Promulgated

The depreciated cost of buildings demolished allowed as a deduction.

Wm. S. Pritchard, Esq., for the petitioner.

L. W. Creason, Esq., for the respondent.

TRAMMELL

This is a proceeding for the redetermination of a deficiency in income tax for the fiscal year ended January 31, 1925, in the amount of $8,271.86.

The question involved is whether the…