Rose v. Grant

HOLMES, District Judge.

This is a suit to recover for income taxes exacted for the year 1923, and alleged to be excessive. The court below found for the plaintiffs for an amount less than claimed by them, and from the judgment so entered both parties have appealed.

Two questions are involved.

The first, whether the plaintiff, John W. Grant, is entitled to a deduction of a reasonable allowance for exhaustion, wear, and tear, including obsolescence, on certain property held by him as tenant for life, is disposed of in the case of Rose v. Grant (C. C. A.) 39 F.(2d) 338 this day decided.

The seeond…