New Orleans Cold Storage & Warehouse Co. v. Commissioner
United States Board of Tax Appeals
The petitioner, a Louisiana corporation with its office in New Orleans, over a period of years has made its income tax returns upon a fiscal year basis ending the last day of February.
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The petitioner, a Louisiana corporation with its office in New Orleans, over a period of years has made its income tax returns upon a fiscal year basis ending the last day of February. In its return for the fiscal year ended February 29, 1936, it deducted from gross income as tax accruals ten-twelfths of the real and personal property taxes levied for the calendar year 1935, and two-twelfths of those levied for the calendar year 1936. It then obtained from the respondent permission to change its method of reporting to a calendar year basis and filed a tax return for the period March 1 to…
1Opinion of the Court
*122OPINION.
Smith:
This is a proceeding for the redetermination of deficiencies of $1,848.46 and $881.15 in income tax and excess profits tax, respectively, for the period March 1 to December 31, 1936.
The only error alleged in the petition is:
* * * the failure of the respondent to allow as a deduction against petitioner’s income ten-twelfths of the real estate and personal property taxes paid to the City of New Orleans, and the State of Louisiana, on August 4, 1936, and December 30, 1936, amounting to Sixty-three Hundred Fifty-two & 40/100 ($6352.40) Dollars.
The petitioner is a Louisiana…
2Cases cited7 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Fawcus MacHine Co. v. United StatesSupreme Court of the United States · 1931
- American National Co. v. United StatesSupreme Court of the United States · 1927
- Newberry v. United StatesSupreme Court of the United States · 1921
- Bunkie Brick Works, Ltd. v. Police JurySupreme Court of Louisiana · 1905
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Citizens Hotel Co. v. CommissionerUnited States Board of Tax Appeals · 1941
- Hoboken Land & Improv. Co. v. CommissionerUnited States Board of Tax Appeals · 1942
- New Orleans Cold Storage & Warehouse Co. v. CommissionerUnited States Board of Tax Appeals · 1939
- Schock, G. & Co. v. CommissionerUnited States Board of Tax Appeals · 1942
- Wolan v. CommissionerUnited States Tax Court · 1949