Capitol Park Hotel Corp. v. Commissioner

Board of Tax Appeals

Capitol Park Hotel Corp. v. Commissioner

5 B.T.A. 1160, 1927 BTA LEXIS 3660

CourtUnited States Board of Tax Appeals

DecidedJanuary 25, 1927

DocketDocket No. 7705.

StatusPublished

This text of 5 B.T.A. 1160 (Capitol Park Hotel Corp. 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

Capitol Park Hotel Corp. v. Commissioner, 5 B.T.A. 1160, 1927 BTA LEXIS 3660 (bta 1927).

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Opinion

[1161]*1161OFINION.

Sternhagen:

The evidence consists of the testimony of three witnesses who described the building and the surrounding conditions affecting its probable life and usefulness and within their qualifications expressed their opinions in respect thereof. This being a question of fact, it is unnecessary to set forth the supporting evidence. It has been given full consideration and justifies the conclusion that the building may reasonably be expected to have a useful life of not more than 33½ years, thus establishing the reasonableness of the petitioner’s claim for an allowance of 3 per cent exhaustion, wear and tear, and obsolescence. We reverse the Commissioner.

Judgment will 5e entered on 15 days’ notice, wider Buie 50.

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[1161]*1161OFINION.

Sternhagen:

The evidence consists of the testimony of three witnesses who described the building and the surrounding conditions affecting its probable life and usefulness and within their qualifications expressed their opinions in respect thereof. This being a question of fact, it is unnecessary to set forth the supporting evidence. It has been given full consideration and justifies the conclusion that the building may reasonably be expected to have a useful life of not more than 33½ years, thus establishing the reasonableness of the petitioner’s claim for an allowance of 3 per cent exhaustion, wear and tear, and obsolescence. We reverse the Commissioner.

Judgment will 5e entered on 15 days’ notice, wider Buie 50.

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Bluebook (online)

5 B.T.A. 1160, 1927 BTA LEXIS 3660, Counsel Stack Legal Research, https://law.counselstack.com/opinion/capitol-park-hotel-corp-v-commissioner-bta-1927.