SPARTANBURG TERMINAL CO. v. COMMISSIONER

Docket No. 3475-73.

66 T.C. 916 (1976)

SPARTANBURG TERMINAL COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed August 30, 1976.


Attorney(s) appearing for the Case

George K. Dunham, for the petitioner.

Donald W. Williamson, Jr., for the respondent.


IRWIN, Judge:

Respondent has determined the following deficiencies in petitioner's Federal income tax:

Year ended          Deficiency

12/31/64 --------  $28,688.42
12/31/65 --------   71,531.50
12/31/66 --------  $64,236.63
12/31/67 --------   40,641.82

The parties have made several concessions, leaving for our resolution only the issues: whether petitioner is entitled to depreciation deductions with respect to certain...

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