Appeal of West Virginia & Pennsylvania Coal & Coke Co.
1 B.T.A. 790
United States Board of Tax Appeals·Decided March 17, 1925·No. Docket No. 633·Published·Cited by 1 cases
Opinion
[792] DECISION.
The deficiency determined by the Commissioner is allowed in part and disallowed in part. The deduction of $625 claimed by the taxpayer for exhaustion of its lease during 1920 is allowed. Additional depreciation of $934.21 and a deduction of $4,243.82 as a bad debt are disallowed. The correct deficiency will be determined by the Board upon recomputation on consent or on seven days’ notice in accordance with Bule 50.
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Appeal of West Virginia & Pennsylvania Coal & Coke Co., 1 B.T.A. 790 (bta 1925).
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Related
West Virginia & Pennsylvania Coal & Coke Co. v. Commissioner
1 B.T.A. 790 (Board of Tax Appeals, 1925)