Appeal of McEwen Lumber Co. , 1 B.T.A. 73 ( 1924 )

decision.

Under sections 215 and 235 of the Revenue Act of 1918 the taxpayer is not entitled, in computing net income, to deduct any portion of the claimed excessive amount paid out for buildings and machinery in erection of its planing mill plant.

The deficiency determined by the Commissioner is approved.