Boston & M.R.R. v. Commissioner of Internal Revenue

MAGRUDER, Chief Judge.

rn t ¿1.- -r, . , „ . In this case the Boston & Maine Railroad petitions for review of a decision of ^ Tax Court of the United States de_ termining that for the calendar year 1941 there .g a deficiency in petitioner’s income tax in the sum of $937,984.56. The controversy relates to t1) the ProPer year> and & the proper amount, of the deductions wllich P^tioner is entitled to take on account of rallroad Properties which were ac<3U5red ^ Jt some tim<; Prior to March *> 1913> at a cost now unknown, such propertles havlng been subsequently abandoned, destroyed, or otherwise…