Case Name: Appeal of ALBERT C. McLOON & CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-02-27
Citations: 1 B.T.A. 637
Docket Number: Docket No. 318
Parties: Appeal of ALBERT C. McLOON & CO.
Judges: Before Jabíes, Steenhagen, Tbammele, and Teussell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 637–638

Head Matter:
Appeal of ALBERT C. McLOON & CO.
Docket No. 318.
Submitted January 26, 1925;
decided February 27, 1925.
H. M. Pero, Esq., for the taxpayer.
Robert A. Littleton, Esq. (Nelson T. Hartson, Solicitor of Internal Revenue) for the Commissioner.
Before Jabíes, Steenhagen, Tbammele, and Teussell.

Opinion:
DECISION.
The deficiency in tax must be recomputed by the allowance to the taxpayer of the deduction for depreciation in the amount as originally claimed and conceded by the Commissioner. The final decision will be settled on consent or on 10 days' notice in accordance with Buie 50.