Northern Railroad v. Commissioner
This text of 8 B.T.A. 498 (Northern 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
OPINION.
In Appeal of Providence & Worcester Railroad Co., 5 B. T. A. 1180, 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 such tax was paid by. the lessee. On the authority of that decision petitioner’s tax for 1919 should be recomputed by including in income the amount of $22,081.77 representing the tax upon petitioner’s income for 1918 and paid by the lessee in 1919.
Reviewed by the Board.
Judgment will he entered on 15 days' notice, under Rule 50.
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Cite This Page — Counsel Stack
8 B.T.A. 498, 1927 BTA LEXIS 2864, Counsel Stack Legal Research, https://law.counselstack.com/opinion/northern-railroad-v-commissioner-bta-1927.