This proceeding involves a deficiency in income tax of the petitioner for the year 1951 in the amount of $86,323.36.
The questions are: (1) Whether the amount of $90,000 paid in the settlement of the controversy as to the amount to be paid for a paper machine constructed by Sandy Hill Iron & Brass Works for the petitioner is a capital expenditure; (2) whether the amount of $6,802.98 for parts and labor to reconstruct the rope carrier originally installed by Sandy...
Let's get started
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.