Hill v. Commissioner
United States Board of Tax Appeals
1. Action of respondent in disallowing for 1921 and 1923 deductions taken for interest paid, his action in increasing petitioner's distributive share of partnership profits for 1921 and in reducing the amount of depreciation taken in 1921 and 1923 approved because of insufficient evidence. 2. Action of respondent in determining that the petitioner made a profit in 1923 on the sale of a one-half interest in the furniture, fixtures and equipment of a hotel approved for lack of…
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1. Action of respondent in disallowing for 1921 and 1923 deductions taken for interest paid, his action in increasing petitioner's distributive share of partnership profits for 1921 and in reducing the amount of depreciation taken in 1921 and 1923 approved because of insufficient evidence. 2. Action of respondent in determining that the petitioner made a profit in 1923 on the sale of a one-half interest in the furniture, fixtures and equipment of a hotel approved for lack of sufficient evidence. 3. Petitioner in a prior year paid a contractor the amount due for materials furnished in making…
1Opinion of the Court
*1161OPINION.
Trammell :
Inasmuch as the petitioner stated at the hearing that the deficiency for 1920 was not being contested and as no evidence was submitted in regard thereto, the deficiency of $420.83 as determined by the respondent for that year is approved.
With respect to the deficiency for 1921, the petitioner contends that the respondent erred (1) in disallowing deductions claimed by the petitioner in her return of $1,284 representing interest paid on indebtedness and $1,000 for attorney’s fees in connection with litigation • concerning the liens filed against the Royal Hotel property, (2)…
2Cited by6 opinions
- Reakirt v. CommissionerUnited States Board of Tax Appeals · 1934
- Martin v. CommissionerUnited States Tax Court · 1962
- Sweinhart v. CommissionerUnited States Board of Tax Appeals · 1934
- Hill v. CommissionerUnited States Board of Tax Appeals · 1927
- Martin v. CommissionerUnited States Tax Court · 1962
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