T.C. Memo. 1996-374 UNITED STATES TAX COURT WALGREEN CO. & SUBSIDIARIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent* Docket No. 6634-92. Filed August 13, 1996. P, engaged in the retail pharmacy and restaurant business, made substantial improvements to certain leased premises. The leasehold improvements constituted property described in sec. 1250, I.R.C., which P seeks to depreciate under asset depreciation range Class 57.0, Distributive Trades and Services, prescribed in Rev. Proc. 83-35, 1983-1 C.B. 745, 762, and R seeks to include under Class 65.0, Building Services, Rev. Proc. 72-10, 1972-1 C.B. 721, 730. On the facts, Held: P's leasehold improvements allocated between Building Services and Distributive Trades and Services. Walgreen Co. & Subs. v. Commissioner, 68 F.3d 1006 (7th Cir. 1995), revg. and remanding 103 T.C. 582 (1994), applied. _____________________ *This opinion supplements our previously filed opinion in Walgreen Co. & Subs. v. Commissioner, 103 T.C. 582 (1994), revd. and remanded 68 F.3d 1006 (7th Cir. 1995).Page: 1 2 3 4 5 6 7 8 Next
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