J. E. Barron Plastics, Inc. v. Commissioner
United States Tax Court
Petitioner purchased a plastics injection molding machine which was picked up by a contractor from the manufacturer pursuant to petitioner's instructions on Dec. 29, 1961, and delivered by the contractor to petitioner's business premises subsequent to Dec. 31, 1961. Held, petitioner is not entitled to an investment credit under secs. 38 and 48(b)(2), I.R.C. 1954.
1Opinion of the Court
J. E. Barron Plastics, Inc., an Ohio Corporation, Petitioner v. Commissioner of Internal Revenue, Respondent
J. E. Barron Plastics, Inc. v. Commissioner
Docket No. 4874-65
United States Tax Court
47 T.C. 638; 1967 U.S. Tax Ct. LEXIS 133;
March 24, 1967, Filed
Decision will be entered for the respondent.
Petitioner purchased a plastics injection molding machine which was picked up by a contractor from the manufacturer pursuant to petitioner's instructions on Dec. 29, 1961, and delivered by the contractor to petitioner's business premises subsequent to Dec. 31, 1961. Held, petitioner is not entitled…
2Cases cited2 opinions
- Madison Newspapers, Inc. v. CommissionerUnited States Tax Court · 1967
- J. E. Barron Plastics, Inc. v. CommissionerUnited States Tax Court · 1967