Kansas City S. Ry. v. Commissioner
United States Board of Tax Appeals
1. The amounts paid the petitioner under section 209 of the Transportation Act of 1920 held to be income within the meaning of the Constitution and taxable to it in 1920. 2. Compensation for the use of the petitioner's property during the period of Federal control allocated in conformity with decisions in Old Dominion Steamship Co.,16 B.T.A. 264; Kansas City Southern Railway Co. et al.,16 B.T.A. 665. 3. Materials and supplies received from the Director General of Railroads…
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1. The amounts paid the petitioner under section 209 of the Transportation Act of 1920 held to be income within the meaning of the Constitution and taxable to it in 1920. 2. Compensation for the use of the petitioner's property during the period of Federal control allocated in conformity with decisions in Old Dominion Steamship Co.,16 B.T.A. 264; Kansas City Southern Railway Co. et al.,16 B.T.A. 665. 3. Materials and supplies received from the Director General of Railroads on March 1, 1920, should be charged into costs of maintenance at the book value of materials and supplies of the same…
1Opinion of the Court
OPINION.
Lansdon:
The proceedings at the several docket numbers herein have been instituted by the Kansas City Southern Railway Company and its affiliated corporations. By agreement of the parties all have been consolidated for hearing and decision. For convenience the several appellants will be referred to hereinafter as the petitioner. The respondent has asserted deficiencies in income and profits taxes for the years 1920,1922,1923,1924, and 1925 in the respective amounts of $344,515.39, $50,683, $312,006.01, $19,924.93, and $27,368.90, and has determined an overassessment for the year 1921…
2Cases cited13 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- Bowers v. Kerbaugh-Empire Co.Supreme Court of the United States · 1926
- Stratton's Independence, Ltd. v. HowbertSupreme Court of the United States · 1913
- Burke v. Southern Pacific RailroadSupreme Court of the United States · 1914
8 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- The Montana Power Company v. United StatesCourt of Appeals for the Third Circuit · 1956
- W. M. Ritter Lumber Co. v. CommissionerUnited States Board of Tax Appeals · 1934
- American Smelting & Refining Co. v. United StatesCourt of Appeals for the Third Circuit · 1942
- Kansas City S. Indus. v. CommissionerUnited States Tax Court · 1992
- Wagner v. CommissionerUnited States Board of Tax Appeals · 1934
17 more not listed; retrieve them via the Exa API.