United States Tax Court December 2, 1976, Docket No. 2992-74. (Toledo, P. & W. R. Co. v. Commissioner)

TOLEDO, PEORIA & WESTERN RAILROAD COMPANY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Toledo, P. & W. R. Co. v. Commissioner Docket No. 2992-74. United States Tax Court T.C. Memo 1976-366; 1976 Tax Ct. Memo LEXIS 36; 35 T.C.M. (CCH) 1663; T.C.M. (RIA) 760366; December 2, 1976, Filed *36 Petitioner acquired real estate for reasons related to the operation of a railroad.