United States Tax Court.
Memorandum Findings of Fact and Opinion
FAY, Judge:
Respondent determined a deficiency of $3,599.72 in petitioner's income tax for the year 1968.
We are to decide whether petitioner is entitled to deduct as a loss the adjusted basis of a building demolished in that year.
Findings of Fact
Some of the facts were stipulated and are so found.
Yates Motor Company (petitioner) is a Tennessee corporation organized in 1950. Its...
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.
