United States Board of Tax Appeals, 1927

Concord & Portsmouth Railroad v. Commissioner

United States Board of Tax Appeals · Decided October 4, 1927 · Littleton

8 B.T.A. 505

Cases that cite this one

1 later published case cites this decision.

Concord & P. Railroad v. Commissioner (United States Board of Tax Appeals 1927)

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Opinion of the Court

OPINION.

Littleton:

In Appeal of Providence & Worcester Railroad Co., 5 B. T. A. 1186, the Board held that the amount of tax upon the *506income of the lessor and paid by the lessee, under the terms of a lease such as we have here, constituted additional taxable income to such lessor in the year in which such tax was paid by the lessee. On the authority of that decision petitioner’s tax for 1919 should be recomputed by including therein the amount of $2,765.77, representing the tax upon petitioner’s income for 1918 and paid by the lessee in 1919.

Reviewed by the Board.

Judgment will he entered on 15 days’ notice, under Bule 50.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.