Memorandum Findings of Fact and Opinion
MULRONEY, Judge:
Respondent determined a deficiency in petitioner's income tax for the taxable year ending September 30, 1961 in the amount of $6,744.80. The issues are (1) whether respondent correctly determined the basis of certain advertising panels owned by petitioner for the purpose of computing allowable depreciation under section 167 of the Internal Revenue Code of 1954,
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.