Appeals of Thompson

Board of Tax Appeals

Appeals of Thompson

2 B.T.A. 285, 1925 BTA LEXIS 2469

CourtUnited States Board of Tax Appeals

DecidedJuly 10, 1925

DocketDocket Nos. 1681-1683, 1733

StatusPublished

Cited by1 cases

This text of 2 B.T.A. 285 (Appeals of Thompson) 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.

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Appeals of Thompson, 2 B.T.A. 285, 1925 BTA LEXIS 2469 (bta 1925).

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Opinion

[286]*286OPINION.

Ivins:

The taxpayers had patents which, subsequent to 1913,

undoubtedly were of considerable value. We are inclined to believe that they may have had a substantial value on March 1, 1913, and that they may have cost the taxpayers a considerable sum to secure and develop prior to that date; but the taxpayers have adduced no competent evidence of value or of the cost of securing and developing the patents, and, in the absence of evidence upon which to reverse or modify the Commissioner’s determination, we will not disturb it.

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[286]*286OPINION.

Ivins:

The taxpayers had patents which, subsequent to 1913,

undoubtedly were of considerable value. We are inclined to believe that they may have had a substantial value on March 1, 1913, and that they may have cost the taxpayers a considerable sum to secure and develop prior to that date; but the taxpayers have adduced no competent evidence of value or of the cost of securing and developing the patents, and, in the absence of evidence upon which to reverse or modify the Commissioner’s determination, we will not disturb it.

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2 B.T.A. 285, 1925 BTA LEXIS 2469, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeals-of-thompson-bta-1925.

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