Phoenix Development Co. v. Commissioner
This text of 13 B.T.A. 414 (Phoenix Development 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.
Opinion
[415]*415OFINION.
Similar questions have been decided by this Board, and in accordance with our previous opinions on the same subject, we hold that the Commissioner committed no error in disallowing as he did the deduction of which petitioner complains.
The cost of defending title to property is a capital expenditure. North American Oil Consolidated, 12 B. T. A. 68; Holeproof Hosiery Co., 11 B. T. A. 547; Bugher, et al., Executors, 9 B. T. A. 1155; West End Consolidated Mining Co., 3 B. T. A. 128; Consolidated Mutual Oil Co., 2 B. T. A. 1067; Laemmle v. Eisner, 275 Fed. 504; 2 Am. Fed. Tax Rep. 1525.
Judgment will be entered for the respondent.
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Cite This Page — Counsel Stack
13 B.T.A. 414, 1928 BTA LEXIS 3256, Counsel Stack Legal Research, https://law.counselstack.com/opinion/phoenix-development-co-v-commissioner-bta-1928.