Appeal of Beaumont Co.
3 B.T.A. 822
United States Board of Tax Appeals·Decided February 17, 1926·No. Docket No. 5444·Published·Cited by 1 cases
Opinion
[823] OPINION.
: 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.
Free access — add to your briefcase to read the full text and ask questions with AI
Appeal of Beaumont Co., 3 B.T.A. 822 (bta 1926).
3 B.T.A. 822 (Appeal of Beaumont Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Beaumont Co. v. Commissioner
3 B.T.A. 822 (Board of Tax Appeals, 1926)