United States Board of Tax Appeals July 23, 1926, Docket No. 5785 (Appeal of Clark)

Phillips

: Taxpayer appeals from the determination of deficiencies in income and profits taxes of $2,287.37 for 1919 and $3,674.74 for 1920. The sole question involved is the March 1, 1913, value of taxpayer’s building, the Commissioner having used cost, as shown by taxpayer’s books, for the purpose of computing depreciation.

FINDINGS OP FACT.