Chicago, R. I. & P. R. Co. v. Commissioner
United States Board of Tax Appeals
1. Penalties paid by a railroad corporation to the United States for violation of certain regulatory statutes are not deductible as ordinary and necessary expenses. Great Northern Railway Co.,8 B.T.A. 225. 2. Amounts deducted by a railroad corporation from its gross income for the operation of its regular service trains carrying men and equipment should, on the facts presented, be restored to gross income.
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1. Penalties paid by a railroad corporation to the United States for violation of certain regulatory statutes are not deductible as ordinary and necessary expenses. Great Northern Railway Co.,8 B.T.A. 225. 2. Amounts deducted by a railroad corporation from its gross income for the operation of its regular service trains carrying men and equipment should, on the facts presented, be restored to gross income. Great Northern Railway Co.,8 B.T.A. 225. 3. Amounts received by a railroad corporation from passengers in excess of its tariff rates, the said excess being the result of an error in making…
1Opinion of the Court
CHICAGO, ROCK ISLAND & PACIFIC RAILWAY CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Chicago, R. I. & P. R. Co. v. Commissioner
Docket Nos. 13562, 13563, 13747.
United States Board of Tax Appeals
13 B.T.A. 988; 1928 BTA LEXIS 3123;
October 15, 1928, Promulgated
1. Penalties paid by a railroad corporation to the United States for violation of certain regulatory statutes are not deductible as ordinary and necessary expenses. Great Northern Railway Co.,8 B.T.A. 225.
2. Amounts deducted by a railroad corporation from its gross income for the operation of its regular service trains…
2Cases cited30 opinions
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- United States v. SullivanSupreme Court of the United States · 1927
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
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