Acme Land & Fur Co. v. Commissioner
United States Board of Tax Appeals
1. An award of damage to a landowner engaged in selling trapping land upon which wild animal life has been ruined by inundation due to an artificial crevasse cut by the state under the police power is not exempt from tax as a gift or constitutionally immune because received from a state. 2. Salary deductions disallowed in part by the Commissioner held not established by the evidence to be reasonable.
1Opinion of the Court
ACME LAND & FUR COMPANY, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Acme Land & Fur Co. v. Commissioner
Docket Nos. 50630, 62886.
United States Board of Tax Appeals
31 B.T.A. 582; 1934 BTA LEXIS 1061;
November 14, 1934, Promulgated
1. An award of damage to a landowner engaged in selling trapping land upon which wild animal life has been ruined by inundation due to an artificial crevasse cut by the state under the police power is not exempt from tax as a gift or constitutionally immune because received from a state.
2. Salary deductions disallowed in part by the Commissioner…
2Cases cited12 opinions
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Metcalf & Eddy v. MitchellSupreme Court of the United States · 1926
- Plymouth Coal Co. v. PennsylvaniaSupreme Court of the United States · 1914
- Indian Motocycle Co. v. United StatesSupreme Court of the United States · 1931
- Lacoste v. Department of Conservation of LouisianaSupreme Court of the United States · 1924
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