Colorado & S. Ry. v. Commissioner
United States Board of Tax Appeals
1. The petitioner (and its affiliated corporations) spent $4,495,765.46 for maintenance of its ways and structures during the period March 1 to December 31, 1920. Of this amount $1,763,495.04 spent by the Ft.
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1. The petitioner (and its affiliated corporations) spent $4,495,765.46 for maintenance of its ways and structures during the period March 1 to December 31, 1920. Of this amount $1,763,495.04 spent by the Ft. Worth & Denver City Railway Co. served to correct undermaintenance as of March 1, 1920, to the extent of $166,747.75 for which it received compensation from the United States in compromise settlement in 1921 of its claim for undermaintenance of its ways and structures during the period of Federal control. Held, that the amount of $166,747.75 was paid out for improvements and betterments…
1Opinion of the Court
THE COLORADO & SOUTHERN RAILWAY COMPANY, 1 PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Colorado & S. Ry. v. Commissioner
Docket No. 21974.
United States Board of Tax Appeals
36 B.T.A. 1248; 1937 BTA LEXIS 607;
December 31, 1937, Promulgated
1. The petitioner (and its affiliated corporations) spent $4,495,765.46 for maintenance of its ways and structures during the period March 1 to December 31, 1920. Of this amount $1,763,495.04 spent by the Ft. Worth & Denver City Railway Co. served to correct undermaintenance as of March 1, 1920, to the extent of $166,747.75 for which it received…
2Cases cited12 opinions
- Helvering v. Union Pacific RailroadSupreme Court of the United States · 1934
- Missouri Pac. R.R. v. CommissionerUnited States Board of Tax Appeals · 1931
- Texas & Pac. Ry. v. CommissionerUnited States Board of Tax Appeals · 1927
- Gulf, Mobile & N. R.R. v. CommissionerUnited States Board of Tax Appeals · 1931
- Union Pac. R.R. v. CommissionerUnited States Board of Tax Appeals · 1932
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