Case Name: Seton Falls Realty Co., Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-04-18
Citations: 6 B.T.A. 883
Docket Number: Docket No. 18757
Parties: Seton Falls Realty Co., Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 6
Pages: 883–884

Head Matter:
Seton Falls Realty Co., Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 18757.
Promulgated April 18, 1927.
Frank S. Bright, Esq., for the petitioner.
W. F. Gibbs, Esg. for the respondent.

Opinion:
OPINION.
Milliken:
The question raised by the petitioner has previously been considered by us and decided adversely to petitioner's contention. In determining gain or loss upon the sale of depreciable property, due allowance must be made for depreciation, whether or not deductions therefor have been taken by the taxpayer in prior years. Appeal of Even Realty Co., 1 B. T. A. 355; Appeal of Cotton Concentration Co., 4 B. T. A. 121; Appeal of Capital City Investment Co., 4 B. T. A. 933; Island Line Shipping Co. v. Commissioner, 4 B. T. A. 1055; Gertrude B. Whittemore v. Commissioner, 6 B. T. A. 339
Judgment will he entered for the respondent.