Legal Opinion
Belle Isle Creamery Co. v. Commissioner
United States Board of Tax Appeals
Decided December 14, 1928No. Docket No. 12317PublishedCited by 4 opinions
Cost of buildings determined.
1Opinion of the Court
OPINION.
Siefkin :
This is a proceeding for the redetermination of deficiencies in income and profits taxes for 1920 and 1921 in the respective amounts of $477.11 and $5,120.97. The only issue with respect to 1920 has been abandoned by the petitioner. Error is alleged as to the propriety of a deduction in 1921 on account of a loss from machinery and tools discarded in that year. The amount of $13,517.45 claimed was reduced by the petitioner to $8,479.95. The remaining issue relates to the gain or loss upon the sale of certain houses.
The petitioner is a Michigan corporation with its principal…
2Cited by4 opinions
- United States v. KoshlandCourt of Appeals for the Ninth Circuit · 1954
- Sharp v. United StatesDistrict Court, D. Delaware · 1961
- Piedmont National Bank of Spartanburg v. United StatesDistrict Court, W.D. South Carolina · 1958
- Belle Isle Creamery Co. v. CommissionerUnited States Board of Tax Appeals · 1928