Legal Opinion
Fall River Gas Appliance Company, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the First Circuit
Decided August 18, 1965No. 6512_1PublishedCited by 29 opinions
1Opinion of the Court
LEWIS, Circuit Judge.
Petitioners seek review of a decision of the Tax Court, 42 T.C. 850, holding that certain expenditures made by each of the taxpayers during a particular year must be capitalized 1 and depreciated over a period of twelve years rather than deducted as an ordinary and necessary business expense during the year of expenditure. 2 The evidentiary facts are not in dispute.
Fall River Gas Company is a seller and distributor of natural gas and holds an exclusive franchise to distribute gas at retail in the Fall River, Massachusetts area. Fall River Gas Appliance Company was…
2Cases cited11 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States v. Victor H. And Elsie Akin, Fred C. And Alice M. Kluver, E.F. And Gladys MunroeCourt of Appeals for the Tenth Circuit · 1957
- D. Loveman & Son Export Corp. v. CommissionerUnited States Tax Court · 1960
- Houston Natural Gas Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1937
- Kauai Terminal, Ltd. v. CommissionerUnited States Board of Tax Appeals · 1937
6 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Young & Rubicam, Inc. v. The United StatesUnited States Court of Claims · 1969
- United States v. W. J. Wehrli and Helen B. WehrliCourt of Appeals for the Tenth Circuit · 1968
- Martin J. And Margaret M. Zaninovich and Vincent M. And Dorothy F. Zaninovich v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
- FMR CORP. v. COMMISSIONERUnited States Tax Court · 1998
- Chesapeake & O. R. Co. v. CommissionerUnited States Tax Court · 1975
24 more not listed; retrieve them via the Exa API.