WORLD PUBLISHING CO. v. COMMISSIONER OF INTERNAL REVENUE, 35 T.C. 7 (1960) WORLD PUBLISHING COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT. Docket No. 72034.United States Tax Court. Filed October 7, 1960. Petitioner in 1950 purchased real estate subject to a lease. The lessee had constructed a building on such property in 1928 under a 50-year […]
