COORS PORCELAIN CO. v. COMMISSIONER OF INTERNAL REV.

No. 21-70.

429 F.2d 1 (1970)

COORS PORCELAIN COMPANY, Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Appellee.

United States Court of Appeals, Tenth Circuit.

July 31, 1970.


Attorney(s) appearing for the Case

Gene W. Reardon, Denver, Colo., for appellant.

Leonard J. Henzke, Atty., Dept. of Justice, Washington, D. C. (Johnnie M. Walters, Asst. Atty. Gen., Lee A. Jackson and William Massar, Attys., Dept. of Justice, Washington, D. C., with him on the brief) for appellee.

Before LEWIS, Chief Judge, PICKETT, Senior Judge, and SETH, Circuit Judge.


SETH, Circuit Judge.

This is an appeal from a decision of the Tax Court, 52 T.C. 682, affirming the Commissioner's disallowance of claimed deductions for obsolescence and depreciation.

In 1960 the taxpayer, Coors Porcelain Company, obtained a contract from the Atomic Energy Commission (AEC) to produce ceramic nuclear fuel elements to be used in supersonic low altitude flying reactor missiles. In order to produce the nuclear...

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