Case Name: Appeal of FEDERAL HOLDING CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-05-20
Citations: 1 B.T.A. 1144
Docket Number: Docket No. 2003
Parties: Appeal of FEDERAL HOLDING CO.
Judges: Before James, Littleton, and Teussell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 1144–1145

Head Matter:
Appeal of FEDERAL HOLDING CO.
Docket No. 2003.
Submitted April 7, 1925;
decided May 20, 1925.
Arthur L. Jones, G. P. A., for the taxpayer.
A. J. Seaton, Esq., for the Commissioner.
Before James, Littleton, and Teussell.

Opinion:
DECISION.
The income of the taxpayer should be recomputed by allowing a depreciation rate of 3 per cent. Final determination will be settled on consent or on 10 days' notice, in accordance with Rule 50.