Appeal of Beaumont Co.

Board of Tax Appeals

Appeal of Beaumont Co.

3 B.T.A. 822

CourtUnited States Board of Tax Appeals

DecidedFebruary 17, 1926

DocketDocket No. 5444

StatusPublished

Cited by1 cases

This text of 3 B.T.A. 822 (Appeal of Beaumont Co.) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Appeal of Beaumont Co., 3 B.T.A. 822 (bta 1926).

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Opinion

[823]*823OPINION.

GeatjpNer

: We must approve the action of the Commissioner in disallowing the claimed deduction, not on the ground that the taxpayer is precluded from changing its method of reporting the kind of expenditures which give rise to the deficiency, but for the reason that expenditures made for the development and in the acquisition of patents are properly capital expenditures. Appeal of Gilliam Manufacturing Co., 1 B. T. A. 967; Appeal of Goodell-Pratt Co., 3 B. T. A. 30.

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[823]*823OPINION.

GeatjpNer

: We must approve the action of the Commissioner in disallowing the claimed deduction, not on the ground that the taxpayer is precluded from changing its method of reporting the kind of expenditures which give rise to the deficiency, but for the reason that expenditures made for the development and in the acquisition of patents are properly capital expenditures. Appeal of Gilliam Manufacturing Co., 1 B. T. A. 967; Appeal of Goodell-Pratt Co., 3 B. T. A. 30.

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3 B.T.A. 822, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-beaumont-co-bta-1926.

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