v3288-729

INDEX

PAGE

Opinion Below 1

Jurisdiction 1

Question Presented 2

Statutes and Regulations Involved 2

Statement 2, 3

Specification of Errors Relief on 3, 4

Summary of Argument 4, 5

Argument :

1. The record establishes that taxpayer was entitled

to a demolition loss for calendar year 1957 in the

sum of $47,300.00 under the terms of Section

165 of the Internal Revenue Code and Treasury

Regulations 1.165-3, promulgated pursuant to

that Section and consistent therewith.

II. The record establishes that in any event taxpayer

was entitled to a depreciation deduction in the

sum of $47,300.00 under the terms of Section 167

of the Internal Revenue Code and Treasury Reg-

ulations. 1.167(a) for the abnormal retirement

of depreciable assets during 1957 5, 22

Conclusion 23

Appendix A 24, 31

Appendix B ^I

CITATIONS

CASES:

American Broadcasting Co. v. Federal Communi-

cations Commission, 179 F.2d 437 (C.A. D.C.),

165 ALR 816 15

Blumenfeld Enterprises, Inc. v. Commissioner, 23

1. 1. 665, aff'd per curiam 232 F.2d 396

(C.A. 9th) 16

1

---

archive.org Volume Name: govuscourtsca9briefs3288

Volume: http://archive.org/stream/govuscourtsca9briefs3288

Document Link: http://archive.org/stream/govuscourtsca9briefs3288#page/n728/mode/1up

Top Keywords (auto-generated):

lease, buildings, demolition, property, commissioner, taxpayer, regulation, 165, basis, deduction, section, lessee, life, building, regulations

Top Key Phrases (auto-generated):

useful life, internal revenue, section 165, revenue code, treasury regulations, tax payer, proposed regulation, treasury regulation, section 167, property demolishes, lessee mayer, dem olition, build ings, adjusted basis, abnormal retirement

Document Status: UGLY