Manger Hotel Corp. v. Commissioner
United States Tax Court
Capital or Expense -- Equipment Purchased by Lessee. -- The cost of equipment purchased by a lessee for use in the leased premises is not necessarily deductible as an ordinary and necessary expense. It may be an expense or a capital expenditure recoverable through depreciation, depending upon circumstances not shown herein.
1Opinion of the Court
Manger Hotel Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Manger Hotel Corp. v. Commissioner
Docket No. 12882
United States Tax Court
10 T.C. 520; 1948 U.S. Tax Ct. LEXIS 235;
March 24, 1948, Promulgated
Decision will be entered for the respondent.
Capital or Expense -- Equipment Purchased by Lessee. -- The cost of equipment purchased by a lessee for use in the leased premises is not necessarily deductible as an ordinary and necessary expense. It may be an expense or a capital expenditure recoverable through depreciation, depending upon circumstances not shown herein.
F.…
2Cases cited1 opinion
- Manger Hotel Corp. v. CommissionerUnited States Tax Court · 1948