1927 BTA LEXIS 3121 | B.T.A. | 1927
Lead Opinion
The buildings in question were not demolished until some time during the year 1920. For that year the Commissioner has determined an overassessment of the tax shown by the petitioners upon their returns and the Board is without jurisdiction to make any determination for that year. Appeal of Cornelius Cotton Mills, 4 B. T. A. 255. Upon the facts we think the Commissioner correctly
In the petitions the petitioners claimed that they sustained the loss of $4,750 in the year 1919. In the brief filed on their behalf it is contended that the loss was sustained in the year 1920 and is deductible in that year and, in explanation of this contention, petitioners point out that the deductions were taken in the year 1919 by mistake.
Judgment will be entered for the respondent.