Manistique Lumber & Supply Co. v. Commissioner
United States Board of Tax Appeals
1. Where petitioner constructed a roadway which, under the facts, was permanent in its nature, it will not be permitted to deduct its cost as current expense. 2. Where petitioner elected in 1927 to charge off specific items as bad debts, it will not be permitted in subsequent years to charge off other specific bad debts and set up a reserve for unspecified bad debts without the consent of the Commissioner of Internal Revenue.
1Opinion of the Court
MANISTIQUE LUMBER AND SUPPLY COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Manistique Lumber & Supply Co. v. Commissioner
Docket No. 52588.
United States Board of Tax Appeals
29 B.T.A. 26; 1933 BTA LEXIS 1011;
September 14, 1933, Promulgated
1. Where petitioner constructed a roadway which, under the facts, was permanent in its nature, it will not be permitted to deduct its cost as current expense.
2. Where petitioner elected in 1927 to charge off specific items as bad debts, it will not be permitted in subsequent years to charge off other specific bad debts and set up a…
2Cases cited1 opinion
- Manistique Lumber & Supply Co. v. CommissionerUnited States Board of Tax Appeals · 1933