Arcade Dep't Store, Inc. v. Commissioner
United States Board of Tax Appeals
1. Inventory adjustment made by the respondent approved. 2. Basis for depreciation deductions for taxable period and year redetermined. 3. Evidence insufficient to determine that the respondent erred as to certain deductions claimed on account of bad debts and salaries of officers. 4. Under the laws of Washington state personal property taxes are due in the first year subsequent to the levy thereof.
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1. Inventory adjustment made by the respondent approved. 2. Basis for depreciation deductions for taxable period and year redetermined. 3. Evidence insufficient to determine that the respondent erred as to certain deductions claimed on account of bad debts and salaries of officers. 4. Under the laws of Washington state personal property taxes are due in the first year subsequent to the levy thereof. Held, such taxes in this controversy were deductible from petitioner's income in the years levied, though not paid until the following years. 5. In the circumstances herein the statute of…
1Opinion of the Court
ARCADE DEPARTMENT STORE, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Arcade Dep't Store, Inc. v. Commissioner
Docket No. 6298.
United States Board of Tax Appeals
18 B.T.A. 1172; 1930 BTA LEXIS 2514;
February 14, 1930, Promulgated
1. Inventory adjustment made by the respondent approved.
2. Basis for depreciation deductions for taxable period and year redetermined.
3. Evidence insufficient to determine that the respondent erred as to certain deductions claimed on account of bad debts and salaries of officers.
4. Under the laws of Washington state personal property taxes are due in…
2Cases cited2 opinions
- Wells Bros. Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- Arcade Dep't Store, Inc. v. CommissionerUnited States Board of Tax Appeals · 1930