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U. S. v. INTERNATIONAL BUILDING CO.

No. 508.

345 U.S. 502 (1953)

73 S.Ct. 807

97 L.Ed. 1182

UNITED STATES v. INTERNATIONAL BUILDING CO.

Supreme Court of United States.

Decided May 4, 1953.

Attorney(s) appearing for the Case

Philip Elman argued the cause for the United States. With him on the brief were Acting Solicitor General Stern, Assistant Attorney General Holland, Ellis N. Slack, Lee A. Jackson and Cecelia H. Goetz.

Malcolm I. Frank argued the cause for respondent. With him on the brief was Irl B. Rosenblum.

MR. JUSTICE DOUGLAS delivered the opinion of the Court.

Respondent, a Missouri corporation, owns a lease-hold of a plot of ground together with an office building erected on it. In 1942 the Commissioner assessed deficiencies against respondent for the taxable years 1933, 1938, and 1939, determining that it had claimed an excessive value as its basis for depreciating the property. These deficiencies were predicated on a basis of $385,000 amortized over the life of...

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