SANBORN, Circuit Judge.
This is a petition to review an order of the Board of Tax Appeals determining deficiencies in the income and excess profits taxes of the petitioner for the year 1935. In 1929 the petitioner sold for $128,571.36 certain machinery and equipment which it had acquired in 1922 at a cost of $128,571.36. The purchaser of the machinery and equipment paid to the petitioner $12,000 of the purchase price in the year 1935. The petitioner in its income...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.