Bessemer Inv. Co. v. Commissioner
United States Board of Tax Appeals
1. A transaction in regard to stock of Standard Oil Co. of New York, held to have resulted in no profit to the petitioner. 2. The Commissioner's determination that certain transactions in regard to stock of New England Co. resulted in profitable sales by the petitioner approved for lack of evidence to the contrary. 3. The Commissioner's determination of the value for purposes of depreciation allowances of certain buildings of Henry Phipps Estates approved for lack of…
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1. A transaction in regard to stock of Standard Oil Co. of New York, held to have resulted in no profit to the petitioner. 2. The Commissioner's determination that certain transactions in regard to stock of New England Co. resulted in profitable sales by the petitioner approved for lack of evidence to the contrary. 3. The Commissioner's determination of the value for purposes of depreciation allowances of certain buildings of Henry Phipps Estates approved for lack of evidence of any other value. 4. Commissioner's determination of a gain from the sale of certain improved properties approved…
1Opinion of the Court
BESSEMER INVESTMENT CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bessemer Inv. Co. v. Commissioner
Docket No. 5295.
United States Board of Tax Appeals
8 B.T.A. 1011; 1927 BTA LEXIS 2755;
October 25, 1927, Promulgated
1. A transaction in regard to stock of Standard Oil Co. of New York, held to have resulted in no profit to the petitioner.
2. The Commissioner's determination that certain transactions in regard to stock of New England Co. resulted in profitable sales by the petitioner approved for lack of evidence to the contrary.
3. The Commissioner's determination of the value for…
2Cases cited1 opinion
- Bessemer Inv. Co. v. CommissionerUnited States Board of Tax Appeals · 1927