Pittsburgh & Lake Erie R.R. v. Commissioner
United States Board of Tax Appeals
1. Interest allowed by the Director General of Railroads on the cost of additions and betterments made during the period of Federal control held to be income during the period rather than in a later year when final settlement was made. 2. Back mail pay allowed to the petitioner pursuant to an order of the Interstate Commerce Commissionheld to constitute taxable income in the year when received. International-Great Northern R.R. Co.,24 B.T.A. 726, followed.
1Opinion of the Court
PITTSBURGH AND LAKE ERIE RAILROAD COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Pittsburgh & Lake Erie R.R. v. Commissioner
Docket No. 42764.
United States Board of Tax Appeals
28 B.T.A. 259; 1933 BTA LEXIS 1153;
June 1, 1933, Promulgated
1. Interest allowed by the Director General of Railroads on the cost of additions and betterments made during the period of Federal control held to be income during the period rather than in a later year when final settlement was made.
2. Back mail pay allowed to the petitioner pursuant to an order of the Interstate Commerce Commissionheld…
2Cases cited8 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- Continental Tie & Lumber Co. v. United StatesSupreme Court of the United States · 1932
- Texas & Pac. Ry. v. CommissionerUnited States Board of Tax Appeals · 1927
- Union Pac. R.R. v. CommissionerUnited States Board of Tax Appeals · 1932
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