United States Board of Tax Appeals December 9, 1941, Docket Nos. 83489, 97991, 100480, 102555. (Boston E. R. Co. v. Commissioner)

lead-opinion

*914OPINION.

Black :

In our preliminary statement of this report it was pointed out that the Commissioner rested his determination of the deficiencies upon the ground that the taxable net income of petitioner should be determined upon the so-called “leased road” basis, that is to say, upon the basis that the taxable net income of petitioner for each of said years consisted of the