MEADOW LAND & IMP. CO. v. COMMISSIONER OF INT. REV.

No. 7690.

124 F.2d 297 (1941)

MEADOW LAND & IMPROVEMENT CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Third Circuit.

Decided November 17, 1941.


Attorney(s) appearing for the Case

Samuel J. Gottesfeld, of Philadelphia, Pa., for petitioner.

Joseph M. Jones, Sp. Asst. to Atty. Gen., for respondent.

Before MARIS, JONES, and GOODRICH, Circuit Judges.


GOODRICH, Circuit Judge.

This petition to review a decision of the Board of Tax Appeals involves two points. The first is the method of determination of a fair market value as of March 1, 1913. The second is the method by which this value is to be amortized in respect to the taxable years in question which are 1932 to 1935 inclusive. Harleigh Cemetery Association purchased land from the seller for cemetery purposes in 1885 and 1895. In 1902 Meadow Land and Improvement...

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