Illinois Cent R.R. v. Commissioner
United States Board of Tax Appeals
Amounts of deductions allowable to lessee on account of its liability to replace wornout or discarded equipment, determined.
1Opinion of the Court
OPINION.
Teammell :1
The opinion of the Board in these proceedings, 30 B. T. A. 1107, was promulgated on June 29, 1934. On September 24, 1934, petitioner filed a motion for further hearing of the proceedings, for the purpose of (a) filing an amended petition in Docket No. 62023, in order to claim a deduction for each of the years 1926 to 1929, inclusive, of the liability of the Yazoo & Mississippi Valley Railroad Co. arising out of retirements of leased equipment in those years; (b) introduction of evidence to prove the amount of the said liability for each of said years; (c) modification of…
2Cases cited2 opinions
- Weiss v. WeinerSupreme Court of the United States · 1929
- Duffy v. Central R. Co. of NJSupreme Court of the United States · 1925
3Cited by4 opinions
- McGee v. NeeCourt of Appeals for the Eighth Circuit · 1940
- Journal-Tribune Publishing Co. v. CommissionerUnited States Tax Court · 1962
- Illinois Cent R.R. v. CommissionerUnited States Board of Tax Appeals · 1936
- Journal-Tribune Publishing Co. v. CommissionerUnited States Tax Court · 1962