Case: Ewing B. Swaney, Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Swaney v. Commissioner
Decision Date: 1927-01-05
Docket Number: Docket No. 2863
Citation: 5 B.T.A. 990
Volume: 5
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Ewing B. Swaney, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: Smith dissents.
Pages: 990–992

Head Matter:
Ewing B. Swaney, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 2863.
Promulgated January 5, 1927.
’William D. Karris, Esq., and Charles L. LeweUyn, Esq., for the petitioner.
J. L. Deveney, Esq., for the respondent.

Opinion:
OPINION.
Lansdon:
We have already held in the Appeal of J. H. Sanford, 2 B. T. A. 181, and in the Appeal of Goodell-Pratt Co., 3 B. T. A. 30, that disbursements of the nature here involved are capital expenditures. The evidence adduced convinces us that applications of burned lime in the quantities proved by the petitioner are effective for not more than 4 years. We are of the opinion that the cost of such liming should be exhausted for income-tax purposes at the rate of 25 per cent per annum.
Order of redetermination will be made on 10 days' notice, under Rule 60.
Smith dissents.