Shainberg v. Commissioner
United States Tax Court
1. Petitioners are members of a partnership engaged in the operation of a shopping center. The partnership computed its depreciation allowance by segregating the buildings in the shopping center and the various items of equipment in the buildings into separate component groups and assigning estimated useful lives ranging from 10 to 40 years to each of the various component groups.
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1. Petitioners are members of a partnership engaged in the operation of a shopping center. The partnership computed its depreciation allowance by segregating the buildings in the shopping center and the various items of equipment in the buildings into separate component groups and assigning estimated useful lives ranging from 10 to 40 years to each of the various component groups. Respondent combined the buildings in the shopping center with the equipment in such buildings into one composite account for each building, assigned useful lives of 40 years to three of the composite buildings and a…
1Opinion of the Court
Mulroney, Judge:
Respondent determined deficiencies in the petitioners’ income tax as follows:
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The issues in these consolidated cases are:(1) Whether certain expenditures by the partnership, Lamar-Airways Shopping Center, for the Tennessee sales tax, accounting services, cleaning services, insurance, and a survey fee were capital expenditures or deductions in the years incurred;(2) Whether the depreciation deduction claimed by the partnership for its shopping center buildings was unreasonable in amount;(3) Whether the partnership is entitled to a deduction for depreciation of…
2Cases cited4 opinions
- Algernon Blair, Inc. v. CommissionerUnited States Tax Court · 1958
- Smoky Mountain Canteen Co. v. KizerTennessee Supreme Court · 1952
- Stout v. CommissionerUnited States Tax Court · 1959
- Columbia Theatre Co. v. CommissionerUnited States Board of Tax Appeals · 1926
3Cited by53 opinions
- Perlmutter v. CommissionerUnited States Tax Court · 1965
- Cagle v. CommissionerUnited States Tax Court · 1974
- Edward R. Godfrey and Georgia G. Godfrey v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1964
- Southern Natural Gas Company v. The United StatesUnited States Court of Claims · 1969
- Goodwyn Crockery Co. v. CommissionerUnited States Tax Court · 1961
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