Oxford Paper Co. v. Commissioner
United States Tax Court
Petitioner, a paper manufacturer, was dependent for its mill operation upon hydroelectric and hydromechanical power derived from the river upon which its mill was located. A severe drought so reduced the river flow during portions of 1947 and 1948 that a power shortage resulted in each of those years. The drought was of such intensity and duration as to be an event unusual and peculiar in the experience of the taxpayer.
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Petitioner, a paper manufacturer, was dependent for its mill operation upon hydroelectric and hydromechanical power derived from the river upon which its mill was located. A severe drought so reduced the river flow during portions of 1947 and 1948 that a power shortage resulted in each of those years. The drought was of such intensity and duration as to be an event unusual and peculiar in the experience of the taxpayer. However, even though petitioner's paper production may have been affected adversely by the drought during a portion of each of the years 1947 and 1948, the facts disclose that…
1Opinion of the Court
Oxford Paper Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Oxford Paper Co. v. Commissioner
Docket No. 63464
United States Tax Court
33 T.C. 943; 1960 U.S. Tax Ct. LEXIS 197;
February 24, 1960, Filed
Decision will be entered for the respondent.
Petitioner, a paper manufacturer, was dependent for its mill operation upon hydroelectric and hydromechanical power derived from the river upon which its mill was located. A severe drought so reduced the river flow during portions of 1947 and 1948 that a power shortage resulted in each of those years. The drought was of such intensity…
2Cases cited3 opinions
- Burford-Toothaker Tractor Company, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1959
- Fulton Foundry & Machine Co. v. CommissionerUnited States Tax Court · 1956
- Oxford Paper Co. v. CommissionerUnited States Tax Court · 1960