Reports of the U.S. Board of Tax Appeals, Volume 24U.S. Government Printing Office, 1932 - Taxation |
From inside the book
Results 1-5 of 99
Page 9
... claiming that because of certain restrictions in the lease agreement the unreported balance was im- pressed with a ... claimed by this petitioner respecting these funds . In the above mentioned case we held that the payments made to ...
... claiming that because of certain restrictions in the lease agreement the unreported balance was im- pressed with a ... claimed by this petitioner respecting these funds . In the above mentioned case we held that the payments made to ...
Page 14
... a deduction of $ 2,500 paid by petitioner to Californians , Inc. , and claimed as an ordinary and necessary business expense . ( 2 ) Disallowance of a deduction of $ 40,250 14 ( 10 ) 24 U. S. BOARD OF TAX APPEALS REPORTS .
... a deduction of $ 2,500 paid by petitioner to Californians , Inc. , and claimed as an ordinary and necessary business expense . ( 2 ) Disallowance of a deduction of $ 40,250 14 ( 10 ) 24 U. S. BOARD OF TAX APPEALS REPORTS .
Page 24
... claimed by the taxpayers and found by the Commissioner to be the correct value . In computing the profit upon the sale of the above leases and other property the petitioners included only the 12,000 shares of the Fens- land Oil Company ...
... claimed by the taxpayers and found by the Commissioner to be the correct value . In computing the profit upon the sale of the above leases and other property the petitioners included only the 12,000 shares of the Fens- land Oil Company ...
Page 26
... claimed by the petitioners and determined by the respondent . With this correction , the respondent's determination of the value of the four leases is sustained . The petitioners alleged that these four leases were acquired by ...
... claimed by the petitioners and determined by the respondent . With this correction , the respondent's determination of the value of the four leases is sustained . The petitioners alleged that these four leases were acquired by ...
Page 29
... claimed by the taxpayers . There were sales over a long period of time at greater prices . The petitioners ' witness stated that the assets behind the stock had more tangible value in the summer of 1920 , when the lowest quoted price ...
... claimed by the taxpayers . There were sales over a long period of time at greater prices . The petitioners ' witness stated that the assets behind the stock had more tangible value in the summer of 1920 , when the lowest quoted price ...
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acquired agreed agreement alleged allowed Amalgamated Sugar Company amount assessment assets basis beneficiaries Board bonds capital stock cash cent Centaur Company claimed COMMISSIONER OF INTERNAL common stock computing contract corporation cost Court death debts decedent December 31 deduction depletion depreciation determined disallowed distribution dividends Docket Executors expenses February 28 filed FINDINGS OF FACT follows gifts inter vivos gross income held included income tax income-tax return interest INTERNAL REVENUE inventory invested capital issue January June 30 lease lessee lessor liability Loew's Incorporated loss Lumber March ment net income operating opinion paid par value parties partnership payment period peti petitioner petitioner contends petitioner's preferred stock prior proceeding profits purchase Railroad real estate received respect respondent respondent's Revenue Act Robert Pitman Rule 50 shares sold statute stipulated stockholders supra surplus taxable income taxpayer thereof thereto tion tioner transfer trust wife