First Nat'l Bank v. Commissioner
United States Board of Tax Appeals
1. Depreciation allowed on office building increased on account of obsolescence resulting from improvements in the art of constructing such buildings. 2. An amount expended in replacing the electrical system in one of petitioner's buildings held to be a capital expenditure. 3. Certain donations determined not to have been necessary business expenses.
1Opinion of the Court
FIRST NATIONAL BANK IN MOBILE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
First Nat'l Bank v. Commissioner
Docket No. 63732.
United States Board of Tax Appeals
30 B.T.A. 632; 1934 BTA LEXIS 1296;
May 2, 1934, Promulgated
1. Depreciation allowed on office building increased on account of obsolescence resulting from improvements in the art of constructing such buildings.
2. An amount expended in replacing the electrical system in one of petitioner's buildings held to be a capital expenditure.
3. Certain donations determined not to have been necessary business expenses.
Geo. E. H.…
2Cases cited1 opinion
- First Nat'l Bank v. CommissionerUnited States Board of Tax Appeals · 1934