PER CURIAM.
This action was brought to recover income and profits taxes alleged to have been erroneously collected for the calendar years 1918 and 1919. The basis of the action was the failure of the appellant to allow, as deductions from gross income, a reasonable allowance for obsolescence of tangible as well as intangible assets. The appellee is a brewing company, and sought to deduct for obsolescence the valuation of its building, formerly
Welcome to the leading source of independent legal reporting
Let's get started
Sign on now to see your case.
Or view more than 10 million decisions and orders.