Standard Refractories Co. v. Commissioner
United States Board of Tax Appeals
1. Under section 234(a)(8) of the Revenue Act of 1918, a taxpayer is entitled to a deduction for amortization on facilities acquired on or after April 6, 1917, for the production of articles contributing to the prosecution of the war, notwithstanding some or all of such facilities may have been contracted for prior to that date or may have been acquired pursuant to a plan of expansion determined upon and entered into prior to that date.
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1. Under section 234(a)(8) of the Revenue Act of 1918, a taxpayer is entitled to a deduction for amortization on facilities acquired on or after April 6, 1917, for the production of articles contributing to the prosecution of the war, notwithstanding some or all of such facilities may have been contracted for prior to that date or may have been acquired pursuant to a plan of expansion determined upon and entered into prior to that date. Appeal of Manville Jenckes Co.,4 B.T.A. 765. 2. In determining the deduction to which the taxpayer is entitled on amortizable facilities which were continued…
1Opinion of the Court
APPEAL OF STANDARD REFRACTORIES CO.
Standard Refractories Co. v. Commissioner
Docket Nos. 3617, 3618.
United States Board of Tax Appeals
6 B.T.A. 24; 1927 BTA LEXIS 3615;
February 3, 1927, Promulgated
1. Under section 234(a)(8) of the Revenue Act of 1918, a taxpayer is entitled to a deduction for amortization on facilities acquired on or after April 6, 1917, for the production of articles contributing to the prosecution of the war, notwithstanding some or all of such facilities may have been contracted for prior to that date or may have been acquired pursuant to a plan of expansion determined upon…
2Cases cited2 opinions
- Manville Jenckes Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Standard Refractories Co. v. CommissionerUnited States Board of Tax Appeals · 1927