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