Tennessee Consol. Coal Co. v. Commissioner
United States Board of Tax Appeals
1. Loss due to abandonment of coke ovens held not substantiated. 2. Depreciated cost of coke ovens as at January 1, 1920, determined for invested capital purposes. 3. Cost of mining equipment necessary to maintain the normal output of a mine allowed as a deduction from gross income.
1Opinion of the Court
TENNESSEE CONSOLIDATED COAL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Tennessee Consol. Coal Co. v. Commissioner
Docket No. 33383.
United States Board of Tax Appeals
24 B.T.A. 369; 1931 BTA LEXIS 1651;
October 20, 1931, Promulgated
1. Loss due to abandonment of coke ovens held not substantiated.
2. Depreciated cost of coke ovens as at January 1, 1920, determined for invested capital purposes.
3. Cost of mining equipment necessary to maintain the normal output of a mine allowed as a deduction from gross income.
George E. H. Goodner, Esq., for the petitioner.
F. B. Schlosser,…
2Cases cited1 opinion
- Tennessee Consol. Coal Co. v. CommissionerUnited States Board of Tax Appeals · 1931