1. Home
  2. Browse Decisions
  3. T.C.
  4. 1 T.C.
  5. 1 T.C. 872 (1943)
 

ALCAZAR HOTEL, INC. v. COMMISSIONER

Docket No. 109580.

1 T.C. 872 (1943)

ALCAZAR HOTEL, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated April 6, 1943.

Attorney(s) appearing for the Case

Earl W. Wallick, Esq., for the petitioner.

T. F. Callahan, Esq., and Walter K. Wood, Esq., for the respondent.

This proceeding involves a deficiency in income tax determined by the Commissioner for the taxable year ended June 30, 1940, in the amount of $1,640.42. The question for decision is whether the petitioner is entitled to employ the basis of its predecessor corporation in computing depreciation on buildings and equipment, or whether, as determined by the Commissioner, fair market value of the property at the time of its acquisition furnishes the proper basis.

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases