Swaney v. Commissioner

Board of Tax Appeals

Swaney v. Commissioner

5 B.T.A. 990, 1927 BTA LEXIS 3699

CourtUnited States Board of Tax Appeals

DecidedJanuary 5, 1927

DocketDocket No. 2863.

StatusPublished

Cited by1 cases

This text of 5 B.T.A. 990 (Swaney 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

Swaney v. Commissioner, 5 B.T.A. 990, 1927 BTA LEXIS 3699 (bta 1927).

Pincite

Opinion

OPINION.

Lansdon:

We have already held in the Appeal of J. H. Sanford, 2 B. T. A. 181, and in the Appeal of Goodell-Pratt Co., 3 B. T. A. [992]*99230, that disbursements of the nature here involved are capital expenditures. The evidence adduced convinces us that applications of burned lime in the quantities proved by the petitioner are effective for not more than 4 years. We are of the opinion that the cost of such liming should be exhausted for income-tax purposes at the rate of 25 per cent per annum.

Order of redetermination will be made on 10 days’ notice, under Rule 60.

Smith dissents.

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