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EMPIRE DISTRICT ELECTRIC CO. v. COMMISSIONER

Docket No. 3247.

4 T.C. 925 (1945)

THE EMPIRE DISTRICT ELECTRIC COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated March 2, 1945.

Attorney(s) appearing for the Case

Theodore N. Johnsen, Esq., for the petitioner.

W. F. Evans, Esq., for the respondent.

Respondent determined a deficiency in income tax for the year 1936 in the amount of $78,435.33, upon making several adjustments. Petitioner contests only the disallowance of deduction for a loss in the amount of $330,147.35, claimed as a loss from the abandonment in 1936 of an electric power development.

Petitioner filed its return for the taxable year with the collector for the second district of New York.

FINDINGS OF FACT.

The petitioner is a Kansas...

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