Chapman & Dewey Lumber Co. v. Commissioner
United States Board of Tax Appeals
Included in the improvement taxes which petitioners paid in the taxable years were certain amounts which the improvement district used to pay current interest and maintenance and repairs. Held, that so much of such improvement taxes as were so used are proper deductions from petitioners' gross income as and when made. Andrew Little,21 B.T.A. 911; See Lee Wilson & Co.,25 B.T.A. 840.
1Opinion of the Court
OPINION.
Lansdon:
At Docket Nos. 33466, 31402, 47130, 50196 and 51058 the respondent has determined deficiencies in income tax against the Chapman & Dewey Lumber Company for the years 1922, 1923, 1924, 1925, 1926 and 1927 in the respective amounts of $14,692.73, $3,981.17, $12,421.54, $12,654.20, $12,239.08 and $10,105.58; at Docket Nos. 37403 and 51059, against Chapman & Dewey Land Company for the years 1923 and 1927 in the respective amounts of $8,864.81 and $168.24; and, at Docket No. 51060, against the Kansas City & Memphis Farms Company for the year 1927 in the amount of $4,186.70. The…
2Cited by5 opinions
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- Evans v. CommissionerUnited States Board of Tax Appeals · 1940