PACIFIC REFRIGERATING CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 8831.

100 F.2d 30 (1938)

PACIFIC REFRIGERATING CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

November 21, 1938.


Attorney(s) appearing for the Case

Maurice W. Seitz, of Portland, Or., for petitioner.

James W. Morris, Asst. Atty. Gen., and Sewall Key, Joseph M. Jones, and Earl C. Crouter, Sp. Assts. to Atty. Gen., for respondent.

Before WILBUR, HANEY, and HEALY, Circuit Judges.


WILBUR, Circuit Judge.

This is a petition to review decision of the United States Board of Tax Appeals in which the sole question is the cost basis of depreciable property owned by the petitioner and, consequently, the amount of the annual allowance for depreciation. The property, consisting of real estate with buildings thereon, was conveyed to the petitioner before the taxable year and the question is whether or not the cost to petitioner or to its transferors,...

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