Alexander v. Commissioner
United States Board of Tax Appeals
1. The petitioners leased certain real estate which they owned for a period of 20 years, and the lessees, pursuant to a convenant in the lease, erected a building thereon at their own expense.
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1. The petitioners leased certain real estate which they owned for a period of 20 years, and the lessees, pursuant to a convenant in the lease, erected a building thereon at their own expense. Erection of said building was begun in 1920 and completed in 1921. Held, that petitioners realized income for the taxable years in question due to the erection of these improvements. 2. For failure of the petitioner to adduce sufficient evidence to overcome the prima facie correctness of the rate of depreciation used by the respondent in arriving at the depreciated value of the improvements aforesaid,…
1Opinion of the Court
JOSEPH L. B. ALEXANDER AND GRACE M. ALEXANDER, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Alexander v. Commissioner
Docket Nos. 14360, 14359, 17474, and 17829.
United States Board of Tax Appeals
13 B.T.A. 1169; 1928 BTA LEXIS 3093;
October 23, 1928, Promulgated
1. The petitioners leased certain real estate which they owned for a period of 20 years, and the lessees, pursuant to a convenant in the lease, erected a building thereon at their own expense. Erection of said building was begun in 1920 and completed in 1921. Held, that petitioners realized income for the taxable years in…
2Cases cited1 opinion
- Alexander v. CommissionerUnited States Board of Tax Appeals · 1928