Case: Stony Brook Railroad Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Stony Brook Railroad v. Commissioner
Decision Date: 1927-10-04
Docket Number: Docket No. 9101
Citation: 8 B.T.A. 511
Volume: 8
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Stony Brook Railroad Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 511–512

Head Matter:
Stony Brook Railroad Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 9101.
Promulgated October 4, 1927.
J. ¿S. Y. Ivms, Esq., and O. R. Folsom-Jones, Esq., for the petitioner.
M. N. Fisher, Esq., and P. J. Rose, Esq., for the respondent.

Opinion:
OPINION.
Littleton:
In Appeal of Providence & Worcester Railroad Co., 5 B. T. A. 1186, the Board held that the amount of tax upon the income of the lessor and paid by the lessee, under the terms of a lease such as we have here, constituted additional taxable income to such lessor in the year in which such tax was paid by the lessee. On the authority of that decision petitioner's tax for 1919 should be recomputed by including in income the amount of $2,313.06 representing the tax upon petitioner's income for 1918 and paid by the lessee in 1919.
Reviewed by the Board.
Judgment will be entered on IS days' notice under Bule SO.