# M. J. McCabe Co. v. Commissioner

> United States Board of Tax Appeals · November 10, 1924 · 1 B.T.A. 57

URL: https://www.frixlaw.com/law-library/cases/4487374

## Case

- **Full name:** Appeal of M. J. McCABE CO.
- **Court:** United States Board of Tax Appeals
- **Decided:** November 10, 1924
- **Citations:** 1 B.T.A. 57; 1924 BTA LEXIS 261
- **Precedential status:** Published
- **Opinion:** Opinion of the court
- **Judges:** Ivins, Maequette, Koenee
- **Cited by:** 0 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4487374

## Opinion text

*58 DECISION.
In computing the net income subject to tax there shall be allowed as deductions (1) depreciation on fixtures attached to the realty costing $2,500 at the rate of 33-J per cent, (2) depreciation on furniture and fixtures costing $1,537.50 at the rate of 10 per cent, (3) the sum of $207.86 reported as other income, and (4) the sum of $400 salary actually paid during the taxable year. The claimed salary deduction of $1,500 not paid or accrued is disallowed as a. deduction. The determination of the deficiency by the Commissioner is approved in part and disapproved in part and the amount of the deficiency to be assessed will be settled by the Board on consent or on seven days’ notice.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4487374. Public record. Not legal advice.