PRESSED STEEL CAR COMPANY, INC. v. COMMISSIONER

Docket No. 107623.

3 T.C.M. 868 (1944)

Pressed Steel Car Company, Inc. v. Commissioner.

United States Tax Court.

Entered August 16, 1944.


Attorney(s) appearing for the Case

Lee W. Eckels, Esq., 2812 Grant Bldg., Pittsburgh, Pa., and John E. Laughlin, Esq., for the petitioner. J. Harrison Miller, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The respondent determined a deficiency of $42,515.42 in the petitioner's income tax for the period from July 29, 1936 to December 31, 1936, inclusive. In his answer to the amended petition the respondent prayed that the deficiency be increased to $63,442.69 by reason of excessive depreciation originally allowed by him in his notice of deficiency.

The issues now in controversy are:

1. The proper amount of depreciation...

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