Oregon Terminals Co. v. Commissioner
United States Board of Tax Appeals
Under the facts herein, held that petitioner was not required to accrue as income rentals owing to it under lease which in all probability it would never receive.
1Opinion of the Court
OREGON TERMINALS COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Oregon Terminals Co. v. Commissioner
Docket No. 68893.
United States Board of Tax Appeals
29 B.T.A. 1332; 1934 BTA LEXIS 1399;
February 28, 1934, Promulgated
Under the facts herein, held that petitioner was not required to accrue as income rentals owing to it under lease which in all probability it would never receive.
Charles E. McCulloch, Esq., and Ivan F. Phipps, Esq., for the petitioner.
Willis R. Lansford, Esq., for the respondent.
ARUNDELL
The respondent determined a deficiency in income tax for the fiscal year…
2Cases cited1 opinion
- Oregon Terminals Co. v. CommissionerUnited States Board of Tax Appeals · 1934