Ann Arbor R.R. v. Commissioner
United States Board of Tax Appeals
1. The guaranty income received by a carrier under section 209 of the Transportation Act, 1920, is taxable under the Revenue Act of 1918 at 10 percent. 2. The allowance made by the Director General for undermaintenance during Federal control must be subtracted from the total maintenance expenditure for 1920 to determine the carrier's deduction for maintenance expense.
1Opinion of the Court
THE ANN ARBOR RAILROAD COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MANISTIQUE AND LAKE SUPERIOR RAILROAD COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Ann Arbor R.R. v. Commissioner
Docket Nos. 25869, 35337.
United States Board of Tax Appeals
29 B.T.A. 331; 1933 BTA LEXIS 958;
November 14, 1933, Promulgated
1. The guaranty income received by a carrier under section 209 of the Transportation Act, 1920, is taxable under the Revenue Act of 1918 at 10 percent.
2. The allowance made by the Director General for undermaintenance during Federal control must…
2Cases cited1 opinion
- Ann Arbor R.R. v. CommissionerUnited States Board of Tax Appeals · 1933