Engineers, Ltd. Pipeline Co. v. Commissioner
United States Tax Court
Held, that the petitioner has not shown error in the Commissioner's reduction in claimed depreciation deductions resulting from adjustments in useful lives and the assignment of salvage values to certain construction equipment in the taxable year ended September 30, 1955.
1Opinion of the Court
Tietjens, Judge:
The Commissioner determined a deficiency in income tax for the taxable year ended September 30, 1955, in the amount of $59,341.54.
The petitioner alleges that the Commissioner erred in disallowing depreciation claimed as a deduction in the amount of $109,509.95 in the fiscal year in question attributable to “Items of Equipment on Hand” at the end of that year and also erred in disallowing depreciation claimed in the same year in the amount of $7,586.51 attributable to “Items of Equipment Sold.” Error is also alleged in that the Commissioner failed to allow proper depreciation…
2Cases cited5 opinions
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- Massey Motors, Inc. v. United StatesSupreme Court of the United States · 1960
- Macabe Co. v. CommissionerUnited States Tax Court · 1964
- Nichols v. CommissionerUnited States Tax Court · 1964
- Bell Lines, Inc. v. CommissionerUnited States Tax Court · 1964
3Cited by12 opinions
- Fribourg Navigation Co. v. CommissionerSupreme Court of the United States · 1966
- Carland, Inc. v. CommissionerUnited States Tax Court · 1988
- Dinkins v. CommissionerUnited States Tax Court · 1966
- Donohue v. CommissionerUnited States Tax Court · 1966
- Specialty Paper & Board Co. v. CommissionerUnited States Tax Court · 1965
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