Appeal of Algoma Lumber Co.

Board of Tax Appeals

Appeal of Algoma Lumber Co.

2 B.T.A. 511

CourtUnited States Board of Tax Appeals

DecidedSeptember 8, 1925

DocketDocket No. 841

StatusPublished

Cited by2 cases

This text of 2 B.T.A. 511 (Appeal of Algoma Lumber Co.) 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

Appeal of Algoma Lumber Co., 2 B.T.A. 511 (bta 1925).

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Opinion

This appeal is from a determination of deficiencies in income and profits tax for the years 1917 and 1918 in an amount less than $10,000. In its petition the taxpayer alleges that the Commissioner has erroneously disallowed the deduction from gross income of each of the years 1917 and 1918 of losses sustained as a result of beetle damage [512]*512in its timber reserves. No evidence in support of the allegation of error was introduced at the hearing.

FINDINGS OF FACT.

The taxpayer is a California corporation with its principal office at Los Angeles. In an audit of its income-tax returns for the years 1917 and 1918 the Commissioner disallowed the deduction of $5,982.32 and $8,466.52, respectively, as loss from beetle damage. This loss was predicated upon a claimed value of timber at March 1, 1913, in excess of cost.

DECISION.

The determination of the Commissioner is approved.

ARTjndell not participating.

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This appeal is from a determination of deficiencies in income and profits tax for the years 1917 and 1918 in an amount less than $10,000. In its petition the taxpayer alleges that the Commissioner has erroneously disallowed the deduction from gross income of each of the years 1917 and 1918 of losses sustained as a result of beetle damage [512]*512in its timber reserves. No evidence in support of the allegation of error was introduced at the hearing.

FINDINGS OF FACT.

The taxpayer is a California corporation with its principal office at Los Angeles. In an audit of its income-tax returns for the years 1917 and 1918 the Commissioner disallowed the deduction of $5,982.32 and $8,466.52, respectively, as loss from beetle damage. This loss was predicated upon a claimed value of timber at March 1, 1913, in excess of cost.

DECISION.

The determination of the Commissioner is approved.

ARTjndell not participating.

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2 B.T.A. 511, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-algoma-lumber-co-bta-1925.

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