Oahu Sugar Co. v. Commissioner

OAHU SUGAR CO., LTD., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Oahu Sugar Co. v. Commissioner

Docket No. 15852.

United States Board of Tax Appeals

13 B.T.A. 404; 1928 BTA LEXIS 3255;

September 19, 1928, Promulgated

1. Decision in Kahuku Plantation Co.,12 B.T.A. 977, as modified in 13 B.T.A. 292, followed.

2. March 1, 1913, value of leasehold interest in sugar cane lands determined.

A. A. Balantine, Esq., S. Milton Simpson, Esq., and Bernard Knollenberg, Esq., for the petitioner.

M. N. Fisher, Esq., and L. C. Mitchell, Esq., for the respondent.

PHILLIPS

The Commissioner determined a…