Buckeye Producing Co. v. Commissioner
United States Board of Tax Appeals
1. Where petitioner alleges obsolescence or loss in useful value of cases and bottles due to prohibition legislation, and the proof of the amount of loss includes actual physical loss, no segregation of losses due to each cause being made, no deduction may be allowed. 2. Alleged loss on small cooperage in 1918 and 1919 disallowed as a deduction under section 234(a)(7) of the Revenue Act of 1918 where there is no evidence of obsolescence due to prohibition legislation, and…
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1. Where petitioner alleges obsolescence or loss in useful value of cases and bottles due to prohibition legislation, and the proof of the amount of loss includes actual physical loss, no segregation of losses due to each cause being made, no deduction may be allowed. 2. Alleged loss on small cooperage in 1918 and 1919 disallowed as a deduction under section 234(a)(7) of the Revenue Act of 1918 where there is no evidence of obsolescence due to prohibition legislation, and under section 234(a)(4) of the same Act where an inventory, calculated as of December 31, 1919, from a physical inventory…
1Opinion of the Court
BUCKEYE PRODUCING CO., SUCCESSORS TO THE BUCKEYE BREWING CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Buckeye Producing Co. v. Commissioner
Docket No. 8779
United States Board of Tax Appeals
11 B.T.A. 96; 1928 BTA LEXIS 3864;
March 21, 1928, Promulgated
1. Where petitioner alleges obsolescence or loss in useful value of cases and bottles due to prohibition legislation, and the proof of the amount of loss includes actual physical loss, no segregation of losses due to each cause being made, no deduction may be allowed.
2. Alleged loss on small cooperage in 1918 and 1919 disallowed…
2Cases cited7 opinions
- A. J. Schwarzler Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Fell v. CommissionerUnited States Board of Tax Appeals · 1927
- Marigold Garden Co. v. CommissionerUnited States Board of Tax Appeals · 1927
- Appeal of Old '76 Distilling Co.United States Board of Tax Appeals · 1926
- Appeal of Morand Bros.United States Board of Tax Appeals · 1927
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