Fox River Paper Co. v. Commissioner
United States Board of Tax Appeals
1. Upon the evidence, held, that petitioner was the owner of and abandoned certain machinery and equipment in 1920 and is therefore entitled to deduction in the amount stipulated on account thereof. 2. Upon the evidence, held further, that petitioner is not entitled to take any deduction for depreciation in 1920.
1Opinion of the Court
FOX RIVER PAPER COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Fox River Paper Co. v. Commissioner
Docket No. 20878.
United States Board of Tax Appeals
28 B.T.A. 1184; 1933 BTA LEXIS 1034;
August 22, 1933, Promulgated
1. Upon the evidence, held, that petitioner was the owner of and abandoned certain machinery and equipment in 1920 and is therefore entitled to deduction in the amount stipulated on account thereof.
2. Upon the evidence, held further, that petitioner is not entitled to take any deduction for depreciation in 1920.
Edward J. Dempsey, Esq., and A. E. James, Esq., for…
2Cases cited6 opinions
- United States v. PhellisSupreme Court of the United States · 1921
- Weiss v. StearnSupreme Court of the United States · 1924
- Guild v. CommissionerUnited States Board of Tax Appeals · 1930
- Winter Garden, Inc. v. CommissionerUnited States Board of Tax Appeals · 1928
- Roebling v. CommissionerUnited States Board of Tax Appeals · 1933
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