A. J. Tower Co. v. Commissioner

WILSON, Circuit Judge.

An appeal from a decision of the Board of Tax Appeals sustaining the Commissioner of Internal Revenue in determining under section 234 (a) (8) of the Revenue Act of 1918 (40 Stat. 1057, 1078), the amount of amortization for depreciation of “war facilities” to which the petitioner was entitled under the section above referred to.

The facts as found by the Board of Tax Appeals, and concerning whieh there is no dispute, are as follows: In March and June, 1918, the petitioner, a Massachusetts corporation, entered into contracts with the United States to manufacture certain…