Concord & Montreal Railroad v. Commissioner
This text of 8 B.T.A. 509 (Concord & Montreal Railroad 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.
Opinion
[510]*510OPINION.
In Appeal of Providence & Worcester Railroad Co., 5 B. T. A. 1186, the Board held that the amount of tax upon the income of the lessor and paid by the lessee, under the terms of a lease such as we have here, constituted additional taxable income to such lessor in the year in which sjich tax was paid by the lessee. On the authority of that decision petitioner’s tax for 1919 should be recomputed by including therein the amount of $69,475.83, representing the tax upon petitioner’s income for 1918 and paid by the lessee in 1919.
Reviewed by the Board.
Judgment will be entered on 15 days’ notice, wnder Rule 50.
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8 B.T.A. 509, Counsel Stack Legal Research, https://law.counselstack.com/opinion/concord-montreal-railroad-v-commissioner-bta-1927.