Chronicle Publishing Co. v. Commissioner
United States Tax Court
Held: In the light of all the facts, the useful lives of 18 cable television franchises owned by petitioner's controlled group of subsidiaries during 1967 through 1971 were estimable with reasonable accuracy within the meaning of sec. 1.167(a)-3, Income Tax Regs. Accordingly, on its consolidated Federal income tax returns for those years, petitioner is entitled to depreciation deductions in respect of those franchises and related easements under sec. 167(a), I.R.C. 1954.
1Opinion of the Court
The Chronicle Publishing Company, Petitioner v. Commissioner of Internal Revenue, Respondent
Chronicle Publishing Co. v. Commissioner
Docket No. 8550-74
United States Tax Court
67 T.C. 964; 1977 U.S. Tax Ct. LEXIS 136; 40 Rad. Reg. 2d (P & F) 451;
March 21, 1977, Filed
Decision will be entered for the petitioner.
Held: In the light of all the facts, the useful lives of 18 cable television franchises owned by petitioner's controlled group of subsidiaries during 1967 through 1971 were estimable with reasonable accuracy within the meaning of sec. 1.167(a)-3, Income Tax Regs. Accordingly, on its…
2Cases cited16 opinions
- United States v. Southwestern Cable Co.Supreme Court of the United States · 1968
- Fortnightly Corp. v. United Artists Television, Inc.Supreme Court of the United States · 1968
- Westinghouse Broadcasting Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1962
- Westinghouse Broadcasting Co. v. CommissionerUnited States Tax Court · 1961
- Kwtx Broadcasting Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
11 more not listed; retrieve them via the Exa API.