Columbus Brick & Tile Co. v. Commissioner
United States Board of Tax Appeals
1. Consolidated invested capital determined. 2. Petitioner held not entitled to any deduction for obsolescence of a Boss burning system and steam drying equipment which had been used in connection with the plant and clay lands purchased by the petitioner, but were in the process of being dismantled at the time the purchase was made.
1Opinion of the Court
COLUMBUS BRICK & TILE COMPANY AND GAMBLE & STOCKTON COMPANY, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Columbus Brick & Tile Co. v. Commissioner
Docket No. 42707.
United States Board of Tax Appeals
26 B.T.A. 794; 1932 BTA LEXIS 1243;
August 15, 1932, Promulgated
1. Consolidated invested capital determined.
2. Petitioner held not entitled to any deduction for obsolescence of a Boss burning system and steam drying equipment which had been used in connection with the plant and clay lands purchased by the petitioner, but were in the process of being dismantled at the time the…
2Cases cited5 opinions
- Federal Dev. Co. v. CommissionerUnited States Board of Tax Appeals · 1930
- Columbus Brick & Tile Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- American Bond & Mortg. Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- Middlesex Ice Co. v. CommissionerUnited States Board of Tax Appeals · 1927
- Harding Glass Co. v. CommissionerUnited States Board of Tax Appeals · 1929