PER CURIAM.
To taxpayer's contention that it sustained a loss under § 23(f) of the Revenue Act of 1934, 26 U.S.C.A. Int.Rev.Code, § 23 (f), as interpreted in Regulation 86, Article 23(e)-3, it is a sufficient answer that taxpayer did not in fact in the taxable year abandon the plant or sell it at scrap value, but sold it while the plant was still being operated. What taxpayer might have done is irrelevant. What it did is the controlling factor. The Regulation...
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.
