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PILOT FREIGHT CARRIERS, INC. v. COMMISSIONER

Docket No. 53266.

15 T.C.M. 1027 (1956)

T.C. Memo. 1956-195

Pilot Freight Carriers, Inc. v. Commissioner.

United States Tax Court.

Filed August 27, 1956.

Attorney(s) appearing for the Case

Leon L. Rice, Jr., Esq., Box 199, Winston-Salem, N. C., and C. W. Womble, Esq., for the petitioner. Paul J. Weiss, Jr., Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The respondent determined deficiencies in the petitioner's income tax for the calendar years 1950 and 1951 in the respective amounts of $26,578.16 and $35,051.62. The deficiencies so determined arise principally from the partial disallowance of claimed depreciation deductions, the respondent having determined that rolling stock used in the petitioner's business had a longer useful life than claimed by the petitioner in its...

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