Appeal of Algoma Lumber Co.
Cases that cite this one
2 later published cases cite this decision.
- Holden & Martin Lumber Co. v. Commissioner (United States Board of Tax Appeals 1925)
- Algoma Lumber 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
This appeal is from a determination of deficiencies in income and profits tax for the years 1917 and 1918 in an amount less than $10,000. In its petition the taxpayer alleges that the Commissioner has erroneously disallowed the deduction from gross income of each of the years 1917 and 1918 of losses sustained as a result of beetle damage
FINDINGS OF FACT.
The taxpayer is a California corporation with its principal office at Los Angeles. In an audit of its income-tax returns for the years 1917 and 1918 the Commissioner disallowed the deduction of $5,982.32 and $8,466.52, respectively, as loss from beetle damage. This loss was predicated upon a claimed value of timber at March 1, 1913, in excess of cost.
DECISION.
The determination of the Commissioner is approved.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.