Old Mission Portland Cement Co. v. Commissioner
United States Board of Tax Appeals
1. The respondent's determination of the March 1, 1913, fair market value of petitioner's limestone deposits for depletion purposes sustained. 2. The deductibility of alleged business expenses, designated as "contributions, subscriptions or donations," determined. 3. The amount of the amortization of discount on bonds issued by an affiliated corporation and held by petitioner is not deductible in computing consolidated net income.
1Opinion of the Court
OLD MISSION PORTLAND CEMENT COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Old Mission Portland Cement Co. v. Commissioner
Docket No. 38853.
United States Board of Tax Appeals
25 B.T.A. 305; 1932 BTA LEXIS 1547;
January 21, 1932, Promulgated
1. The respondent's determination of the March 1, 1913, fair market value of petitioner's limestone deposits for depletion purposes sustained.
2. The deductibility of alleged business expenses, designated as "contributions, subscriptions or donations," determined.
3. The amount of the amortization of discount on bonds issued by an…
2Cases cited16 opinions
- United States v. LudeySupreme Court of the United States · 1927
- The ConquerorSupreme Court of the United States · 1897
- Head v. HargraveSupreme Court of the United States · 1882
- Reinecke v. SpaldingSupreme Court of the United States · 1930
- Avery v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1927
11 more not listed; retrieve them via the Exa API.