Appeal of Wigwam Amusement Co.
Cases that cite this one
3 later published cases cite this decision.
- Mandel Bros. v. Commissioner (United States Board of Tax Appeals 1926)
- Wigwam Amusement Co. v. Commissioner (United States Board of Tax Appeals 1925)
- Waddell Coal Co. v. Commissioner (United States Board of Tax Appeals 1925)
This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.
Opinion of the Court
On authority of the Appeal of the First National Bank of Evanston, Wyo., 1 B. T. A. 9, it is held that the $30,000 representing the imextinguished cost of the building purchased by this taxpayer in 1906, which was demolished and discarded in 1912 and replaced by a new building, was a proper deduction as a loss in that year. The depreciated value of the building demolished being a deductible loss for 1912, can not be added to the amount expended in the construction of a new building in 1913 and included in invested capital of the corporation for 1917 and subsequent years, during the term of the new lease, in computing the profits taxes imposed for 1917 and subsequent years.
The deficiency determined by the Commissioner is approved.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.