George Wiedemann Brewing Co. v. Commissioner
United States Board of Tax Appeals
1. Deduction for obsolescence of tangible property determined as to amounts and years for which deduction is applicable. 2. An allowance for obsolescence based upon the decrease in value of tangible assets retained in use, denied.
1Opinion of the Court
*794OPINION.
Milliicen :
Shortly after the appeal was filed, respondent filed motion to dismiss for the reason that the petitioner corporation was dissolved. This motion was denied on July 31, 1926. At the hearing subsequently, on the merits, petitioner made oral reference to the statutory limitation on the assessment of additional taxes for the year involved, but did not pursue the subject in their brief filed three months later.
This appeal involves a determination of the deductions from income allowable in the fiscal year 1919, to a corporation engaged in the manufacture and sale of lager beer,…
2Cited by3 opinions
- Farmers Feed Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- George Wiedemann Brewing Co. v. CommissionerUnited States Board of Tax Appeals · 1927
- Niagara Falls Brewing Co. v. CommissionerUnited States Board of Tax Appeals · 1928