Amfac, Inc. v. Commissioner

Amfac, Inc., et al., 1 Petitioner v. Commissioner of Internal Revenue, Respondent

Amfac, Inc. v. Commissioner

Docket No. 7236-75

United States Tax Court

70 T.C. 305; 1978 U.S. Tax Ct. LEXIS 115;

May 23, 1978, Filed

Decision will be entered for the respondent.

Puna expended certain sums in priming three fields for the cultivation of sugar cane. Held, such amounts are not deductible under sec. 175 as expenditures incurred for the purpose of soil or water conservation.

Richard L. Griffith, for the petitioner.

Vernon R. Balmes, for the respondent.

Sterrett, Judge.

STERRETT

Respondent, on May 16, 1975, issued…