Dolomite, Inc. v. Commissioner
United States Board of Tax Appeals
Where the facts fail to establish that certain property was acquired in connection with a reorganization, held that taxpayer is entitled to use as a basis for depletion the cost of such property to its subsidiary.
1Opinion of the Court
DOLOMITE, INCORPORATED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Dolomite, Inc. v. Commissioner
Docket No. 60661.
United States Board of Tax Appeals
28 B.T.A. 1271; 1933 BTA LEXIS 1024;
August 29, 1933, Promulgated
Where the facts fail to establish that certain property was acquired in connection with a reorganization, held that taxpayer is entitled to use as a basis for depletion the cost of such property to its subsidiary.
George P. Bickford, Esq., for the petitioner.
Dean Kimball, Esq., for the respondent.
VAN FOSSAN
This proceeding was brought to redetermine a deficiency in the…
2Cases cited1 opinion
- Dolomite, Inc. v. CommissionerUnited States Board of Tax Appeals · 1933