Keil Properties, Inc. v. Commissioner
United States Tax Court
Delaware ad valorem taxes on real estate for 1949 were deductible under section 23 (c), I. R. C. 1939, where petitioner acquired the realty on May 2, 1949, and subsequently in that year the taxes became due and payable and a lien against the land.
1Opinion of the Court
Keil Properties, Inc., a Delaware Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Keil Properties, Inc. v. Commissioner
Docket No. 49348
United States Tax Court
24 T.C. 1113; 1955 U.S. Tax Ct. LEXIS 96;
September 27, 1955, Filed
Decision will be entered for the petitioner.
Delaware ad valorem taxes on real estate for 1949 were deductible under section 23 (c), I. R. C. 1939, where petitioner acquired the realty on May 2, 1949, and subsequently in that year the taxes became due and payable and a lien against the land.
David S. Keil, Esq., and Harold Shaffer, Esq., for the…
2Cases cited11 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Magruder v. SuppleeSupreme Court of the United States · 1942
- Ernst Kern Co. v. CommissionerUnited States Tax Court · 1942
- Gillespie Trust v. CommissionerUnited States Tax Court · 1954
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