719 Fifth Ave. Co. v. Commissioner

APPEAL OF 719 FIFTH AVENUE CO.

719 Fifth Ave. Co. v. Commissioner

Docket No. 6031.

United States Board of Tax Appeals

5 B.T.A. 565; 1926 BTA LEXIS 2839;

November 20, 1926, Decided

The opinions of witnesses as to the value of a leasehold on March 1, 1913, considered and held to be not sufficiently well founded to prove value.

Frank S. Bright, Esq., and Walter J. Rosston, Esq., for the petitioner.

M. N. Fisher, Esq., for the Commissioner.

STERNHAGEN

Deficiencies of $3,830.25 for 1920, and $10,837.24 for 1921, income and profits taxes, arising from disallowance by the Commissioner of a deduction of…