Manger Hotel Corp. v. Commissioner
United States Tax Court
1. Petitioner was in the taxable year the lessee of a hotel property completely furnished. Under the lease it was obligated to currently replace at its own expense furnishings, fixtures, and equipment which should become no longer serviceable. Such replacements were to become immediately the property of the lessor.
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1. Petitioner was in the taxable year the lessee of a hotel property completely furnished. Under the lease it was obligated to currently replace at its own expense furnishings, fixtures, and equipment which should become no longer serviceable. Such replacements were to become immediately the property of the lessor. Held, petitioner is entitled to deduct as business expenses the cost of certain replacements which were made in the taxable year. 2. Under another clause of the lease petitioner had the right from time to time to install furnishings, fixtures, and equipment which were not…
1Opinion of the Court
Manger Hotel Corporation v. Commissioner.
Manger Hotel Corp. v. Commissioner
Docket No. 21107.
United States Tax Court
1950 Tax Ct. Memo LEXIS 87; 9 T.C.M. (CCH) 873; T.C.M. (RIA) 50238;
September 29, 1950
1. Petitioner was in the taxable year the lessee of a hotel property completely furnished. Under the lease it was obligated to currently replace at its own expense furnishings, fixtures, and equipment which should become no longer serviceable. Such replacements were to become immediately the property of the lessor. Held, petitioner is entitled to deduct as business expenses the cost of certain…
2Cases cited1 opinion
- Manger Hotel Corp. v. CommissionerUnited States Tax Court · 1948