Ohio Grease Co. v. Commissioner

Board of Tax Appeals

Ohio Grease Co. v. Commissioner

4 B.T.A. 1207, 1926 BTA LEXIS 2009

CourtUnited States Board of Tax Appeals

DecidedSeptember 30, 1926

DocketDocket No. 6023.

StatusPublished

This text of 4 B.T.A. 1207 (Ohio Grease 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

Ohio Grease Co. v. Commissioner, 4 B.T.A. 1207, 1926 BTA LEXIS 2009 (bta 1926).

Pincite

Opinion

[1209]*1209OPINION.

Littleton:

The deficiencies for the fiscal years ending February 28, 1919 and 1920, should be redetermined by computing exhaustion, wear and tear of lubricators upon the basis of the March 1, 1913, value thereof, amounting to $107,000, and upon the cost of subsequent additions as set forth in the findings of fact, at 15 per cent per annum upon a straight-line basis. The deduction for exhaustion of the cost of additions made during the years should be averaged for the year in which such additions were made.

The mathematical errors complained of will be automatically eliminated upon the recomputation in accordance with this opinion.

The Board is without jurisdiction to redetermine the amount of overassessments for the ten-month period ending December 31, 1920, and for the calendar year 1921. Appeal of Cornelius Cotton Mills, 4 B. T. A. 255.

Order of redetermination will he entered on 15 days’ notice, under Bule 50.

Free access — add to your briefcase to read the full text and ask questions with AI