Renziehausen v. Commissioner
United States Board of Tax Appeals
1. Deduction for obsolescence of intangibles denied upon authority of Red Wing Malting Co. v. Willcuts, 15 Fed.(2d) 626, and Appeal of Manhattan Brewing Co.,6 B.T.A. 952. 2. Petitioner discontinued the manufacture of intoxicating liquors in 1917 under the restrictions of war-time prohibition.
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1. Deduction for obsolescence of intangibles denied upon authority of Red Wing Malting Co. v. Willcuts, 15 Fed.(2d) 626, and Appeal of Manhattan Brewing Co.,6 B.T.A. 952. 2. Petitioner discontinued the manufacture of intoxicating liquors in 1917 under the restrictions of war-time prohibition. In 1919 it resumed distilling operations for the manufacture of medicinal whiskey and continued to distill whiskey for medicinal purposes until forced to discontinue on November 23, 1921, by the enactment of the Willis-Campbell Act. In 1922, the last year on appeal, petitioner was still disposing of its…
1Opinion of the Court
*95OPINION.
Arundell:
In the case of Henry Schuetz, Jr., respondent determined an overassessment for 1919; hence, the Board is without jurisdiction of the issue raised for that year. Appeal of R. P. Hazzard Co., 4 B. T. A. 150; and Appeal of Cornelius Cotton Mills, 4 B. T. A. 255.
The first issue in Renziehausen’s appeal is that respondent erred in refusing to allow deductions from the income of 1918, 1919, and 1920 for obsolescence of intangibles of the Large Distilling Co., of which he was sole proprietor, resulting from prohibition legislation *96based upon an alleged March. 1, 1913, value for such…
2Cited by11 opinions
- United States v. C. R. BondurantCourt of Appeals for the Sixth Circuit · 1957
- Lawrie v. CommissionerUnited States Tax Court · 1961
- City Park Brewing Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- Des Moines Title Co. v. CommissionerUnited States Board of Tax Appeals · 1939
- First Nat'l Bank v. CommissionerUnited States Board of Tax Appeals · 1932
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