Appeals of Thompson
2 B.T.A. 285, 1925 BTA LEXIS 2469
United States Board of Tax Appeals·Decided July 10, 1925·No. Docket Nos. 1681-1683, 1733·Published·Cited by 1 cases
Opinion
[286]*286OPINION.
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Appeals of Thompson, 2 B.T.A. 285, 1925 BTA LEXIS 2469 (bta 1925).
2 B.T.A. 285 (Appeals of Thompson) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Thompson v. Commissioner
2 B.T.A. 285 (Board of Tax Appeals, 1925)