Bell Lines, Inc. v. Commissioner
United States Tax Court
1. Held, that the petitioner has not shown error in the respondent's disallowance of depreciation deductions claimed with respect to truck tractors disposed of in the taxable year 1959 for amounts in excess of the adjusted bases of such truck tractors as of the beginning of the taxable year. 2. Held, further, that the petitioner has not shown error in the respondent's determination that the proper estimated salvage value of certain other truck tractors was 20 percent of…
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1. Held, that the petitioner has not shown error in the respondent's disallowance of depreciation deductions claimed with respect to truck tractors disposed of in the taxable year 1959 for amounts in excess of the adjusted bases of such truck tractors as of the beginning of the taxable year. 2. Held, further, that the petitioner has not shown error in the respondent's determination that the proper estimated salvage value of certain other truck tractors was 20 percent of cost, rather than 10 percent of cost as claimed by the petitioner.
1Opinion of the Court
Bell Lines, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Bell Lines, Inc. v. Commissioner
Docket No. 4619-63
United States Tax Court
43 T.C. 358; 1964 U.S. Tax Ct. LEXIS 1;
December 31, 1964, Filed December 31, 1964, Filed
Decision will be entered under Rule 50.
1. Held, that the petitioner has not shown error in the respondent's disallowance of depreciation deductions claimed with respect to truck tractors disposed of in the taxable year 1959 for amounts in excess of the adjusted bases of such truck tractors as of the beginning of the taxable year.
2. Held, further, that the…
2Cases cited1 opinion
- Bell Lines, Inc. v. CommissionerUnited States Tax Court · 1964