Marine Transport Co. v. Commissioner
United States Board of Tax Appeals
1. To the extent that it was in excess of the capital cost of destroyed property not then recovered tax free, an award of the Mixed Claims Commission was income to this taxpayer in 1928. 2. Interest included in an award by the Mixed Claims Commission is taxable income in the year in which it was received.
1Opinion of the Court
MARINE TRANSPORT COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
WILLIAM J. NORVILLE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MRS. W. B. BELLINGRATH, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
PEYTON NORVILLE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Marine Transport Co. v. Commissioner
Docket Nos. 51492, 54015-54017.
United States Board of Tax Appeals
28 B.T.A. 566; 1933 BTA LEXIS 1099;
June 28, 1933, Promulgated
1. To the extent that it was in excess of the capital cost of destroyed property not then recovered tax free,…
2Cases cited1 opinion
- Marine Transport Co. v. CommissionerUnited States Board of Tax Appeals · 1933