CRST, Inc. v. Commissioner
United States Tax Court
Petitioner may not deduct as an abandonment loss in 1980 the decrease in value of its certificates of convenience and necessity or operating authority incurred as a result of the deregulation of the motor carrier business by the Interstate Commerce Commission.
1Opinion of the Court
CRST, Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
CRST, Inc. v. Commissioner
Docket No. 24725-85
United States Tax Court
92 T.C. 1249; 1989 U.S. Tax Ct. LEXIS 85; 92 T.C. No. 81;
June 12, 1989. June 12, 1989, Filed
Decision will be entered for the respondent.
Petitioner may not deduct as an abandonment loss in 1980 the decrease in value of its certificates of convenience and necessity or operating authority incurred as a result of the deregulation of the motor carrier business by the Interstate Commerce Commission.
Robert E. Konchar and J. Scott Bogguss, for the petitioner.
Elizabe…
2Cases cited12 opinions
- Second Employers'liability CasesSupreme Court of the United States · 1912
- New York Central Railroad Company v. WhiteSupreme Court of the United States · 1916
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- A. J. Industries, Inc. v. United StatesCourt of Appeals for the Ninth Circuit · 1974
- Reporter Pub. Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1953
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