A. P. Schiro, Inc. v. Commissioner

Board of Tax Appeals

A. P. Schiro, Inc. v. Commissioner

20 B.T.A. 1026, 1930 BTA LEXIS 1983

CourtUnited States Board of Tax Appeals

DecidedSeptember 26, 1930

DocketDocket No. 33459.

StatusPublished

Cited by1 cases

This text of 20 B.T.A. 1026 (A. P. Schiro, Inc. v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

A. P. Schiro, Inc. v. Commissioner, 20 B.T.A. 1026, 1930 BTA LEXIS 1983 (bta 1930).

Pincite

Opinion

[1027]*1027OPINION.

Love:

Petitioner’s counsel contended at the hearing that the amount of $20,000 should be prorated over the term of the lease, and an aliquot part returned each year thereof, instead of including the entire amount as income in the year in which it was received. We have held in similar cases that this could not be done. See Roby Realty Co., 19 B. T. A. 696, and cases cited therein, and Automobile Underwriters, Inc., 19 B. T. A. 1160. The respondent’s determination on this issue is approved.

Petitioner offered no evidence in connection with the second assignment of error, and, in the absence of such evidence, we must affirm the respondent’s determination relative thereto.

Judgment will be entered for the respondent.

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