United States Board of Tax Appeals October 30, 1925, Docket No. 2612. (Jackson County State Bank v. Commissioner)

lead-opinion

*1102OPINION.

Trammell:

It is the contention of the taxpayer that it is entitled to a deduction in the fiscal year ended in 1921, on account of the obsolescence of its bank building which was altered and remodeled in that part of the fiscal year which was in the calendar year 1920.