Case: Concord & Montreal Railroad, Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Concord & Montreal Railroad v. Commissioner
Decision Date: 1927-10-04
Docket Number: Docket No. 9109
Citation: 8 B.T.A. 509
Volume: 8
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Concord & Montreal Railroad, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 509–510

Head Matter:
Concord & Montreal Railroad, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 9109.
Promulgated October 4, 1927.
J. S. Y. Ivins, 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 sjich tax was paid by the lessee. On the authority of that decision petitioner's tax for 1919 should be recomputed by including therein the amount of $69,475.83, 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 15 days' notice, wnder Rule 50.