Seton Falls Realty Co. v. Commissioner
This text of 6 B.T.A. 883 (Seton Falls Realty 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
[884]*884OPINION.
The question raised by the petitioner has previously been considered by us and decided adversely to petitioner’s contention. In determining gain or loss upon the sale of depreciable property, due allowance must be made for depreciation, whether or not deductions therefor have been taken by the taxpayer in prior years. Appeal of Even Realty Co., 1 B. T. A. 355; Appeal of Cotton Concentration Co., 4 B. T. A. 121; Appeal of Capital City Investment Co., 4 B. T. A. 933; Island Line Shipping Co. v. Commissioner, 4 B. T. A. 1055; Gertrude B. Whittemore v. Commissioner, 6 B. T. A. 339
Judgment will he entered for the respondent.
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Cite This Page — Counsel Stack
6 B.T.A. 883, 1927 BTA LEXIS 3381, Counsel Stack Legal Research, https://law.counselstack.com/opinion/seton-falls-realty-co-v-commissioner-bta-1927.