HOBOKEN LAND & IMPROVEMENT CO. v. COM'R OF INT. REV.

No. 8173.

138 F.2d 104 (1943)

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

Circuit Court of Appeals, Third Circuit.

Decided September 15, 1943.


Attorney(s) appearing for the Case

John Enrietto, of Washington, D. C. (C. F. Rothenburg and Hamel, Park & Saunders, all of Washington, D. C., on the brief), for petitioner.

Helen Goodner, of Washington, D. C. (Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key and Helen R. Carloss, Sp. Assts. to Atty. Gen., on the brief), for respondent.

Before BIGGS, JONES, and GOODRICH, Circuit Judges.


GOODRICH, Circuit Judge.

The taxpayer, petitioner on this appeal, is the Hoboken Land and Improvement Co., a New Jersey corporation with its office and principal place of business in Newark. Its appeal from the decisions of the Board of Tax Appeals involves income taxes for the calendar years 1934 and 1937. The three issues involved are not interrelated and will be separately considered.

Depreciation.

The taxpayer has continuously been engaged in...

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