Eastern Shoe Mfg. Co. v. Commissioner

Board of Tax Appeals

Eastern Shoe Mfg. Co. v. Commissioner

8 B.T.A. 1169, 1927 BTA LEXIS 2714

CourtUnited States Board of Tax Appeals

DecidedNovember 3, 1927

DocketDocket No. 12163.

StatusPublished

Cited by2 cases

This text of 8 B.T.A. 1169 (Eastern Shoe Mfg. Co. 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

Eastern Shoe Mfg. Co. v. Commissioner, 8 B.T.A. 1169, 1927 BTA LEXIS 2714 (bta 1927).

Pincite

Opinion

[1170]*1170OPINION.

Smith :

The taxing act permits a corporate taxpayer to deduct from gross income in its income-tax returns ordinary and necessary expenses. Section 234(a)(1), Revenue Act of 1921. The respondent disallowed the deduction of the cost of moving and resetting machines upon the supposition that it represented the cost of improvements and betterments. The evidence clearly shows, however, that such was not the case. The amount was a legal deduction from gross income.

Judgment will be entered on 16 days’ notice, under Rule 60.

Considered by Littleton, Trussell, and Love.

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