Appeal of Excelsior Laundry Co.

Board of Tax Appeals

Appeal of Excelsior Laundry Co.

3 B.T.A. 1303

CourtUnited States Board of Tax Appeals

DecidedApril 19, 1926

DocketDocket No. 158

StatusPublished

Cited by1 cases

This text of 3 B.T.A. 1303 (Appeal of Excelsior Laundry 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.

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Appeal of Excelsior Laundry Co., 3 B.T.A. 1303 (bta 1926).

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Opinion

[1306]*1306OPINION.

Love :

In this appeal the taxpayer seeks a low rate of depreciation for the period prior to the taxable years 1920 and 1921, while for these latter years it claimed in its tax returns a much higher rate. The evidence is insufficient to establish the rates or the basis of depreciation claimed by the taxpayer. Although the taxpayer was able to prove that a few of its machines had a longer life than that attributed to them by the Commissioner, there is a total failure of proof as to the remainder of the machinery and other assets. Furthermore, the testimony is strikingly inconsistent with the rates of depreciation claimed by the taxpayer for the same class of assets in the years 1920 and 1921.

The deficiencies are $<£,559.⅛3 for 19W and $3f351j..30 for 1981. Order will he entered accordingly.

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[1306]*1306OPINION.

Love :

In this appeal the taxpayer seeks a low rate of depreciation for the period prior to the taxable years 1920 and 1921, while for these latter years it claimed in its tax returns a much higher rate. The evidence is insufficient to establish the rates or the basis of depreciation claimed by the taxpayer. Although the taxpayer was able to prove that a few of its machines had a longer life than that attributed to them by the Commissioner, there is a total failure of proof as to the remainder of the machinery and other assets. Furthermore, the testimony is strikingly inconsistent with the rates of depreciation claimed by the taxpayer for the same class of assets in the years 1920 and 1921.

The deficiencies are $<£,559.⅛3 for 19W and $3f351j..30 for 1981. Order will he entered accordingly.

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3 B.T.A. 1303, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-excelsior-laundry-co-bta-1926.

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