Case: Waimanalo Sugar Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Waimanalo Sugar Co. v. Commissioner
Decision Date: 1928-07-09
Docket Number: Docket No. 24879
Citation: 12 B.T.A. 1241
Volume: 12
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Waimanalo Sugar Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 1241–1244

Head Matter:
Waimanalo Sugar Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 24879.
Promulgated July 9, 1928.
TP. TP. Spalding, Esq., for the petitioner.
M. N. Fisher, Esq., and L. G. Mitchell, Esq., for the respondent.

Opinion:
OPINION.
Phillips:
The issues involved in this proceeding are the same as the issues decided by the Board in Kahuku Plantation Co., 12 B. T. A. 977. The record in the two cases is substantially the same. Upon the authority of the decision in that case it is held that the Commissioner erred in including the payment on account of the net losses to the 1921 crop in computing petitioner's taxable income for 1920, and that the action of the respondent with respect to the payment for 1922 losses is approved.
Decision will be entered under Rule 50.