United States Board of Tax Appeals October 4, 1927, Docket No. 9110. (Northern Railroad v. Commissioner)

lead-opinion

OPINION.

Littleton:

In Appeal of Providence & Worcester Railroad Co., 5 B. T. A. 1180, 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.