Levy v. Commissioner

Board of Tax Appeals

Levy v. Commissioner

2 B.T.A. 361, 1925 BTA LEXIS 2447

CourtUnited States Board of Tax Appeals

DecidedJuly 14, 1925

DocketDocket Nos. 3043, 3045.

StatusPublished

This text of 2 B.T.A. 361 (Levy 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

Levy v. Commissioner, 2 B.T.A. 361, 1925 BTA LEXIS 2447 (bta 1925).

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Opinion

[362]*362OPINION.

Ivins:

The taxpayers’ material contentions being directly in point, the appeals are denied upon authority of the decision of the Supreme Court in Duffy v. Central R. R. Co. of New Jersey, 268 U. S. 55, and of this Board’s decisions in the Appeal of the National City Bank of Seattle, 1 B. T. A. 139, and Appeal of Simmons & Ham[363]*363mond Mfg. Co., 1 B. T. A. 803. The expenditure giving rise to this controversy may be depreciated over the remaining life of the lease, as the Commissioner contends it should be.

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[362]*362OPINION.

Ivins:

The taxpayers’ material contentions being directly in point, the appeals are denied upon authority of the decision of the Supreme Court in Duffy v. Central R. R. Co. of New Jersey, 268 U. S. 55, and of this Board’s decisions in the Appeal of the National City Bank of Seattle, 1 B. T. A. 139, and Appeal of Simmons & Ham[363]*363mond Mfg. Co., 1 B. T. A. 803. The expenditure giving rise to this controversy may be depreciated over the remaining life of the lease, as the Commissioner contends it should be.

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Bluebook (online)

2 B.T.A. 361, 1925 BTA LEXIS 2447, Counsel Stack Legal Research, https://law.counselstack.com/opinion/levy-v-commissioner-bta-1925.

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