Beaumont Co. v. Commissioner

Board of Tax Appeals

Beaumont Co. v. Commissioner

3 B.T.A. 822, 1926 BTA LEXIS 2555

CourtUnited States Board of Tax Appeals

DecidedFebruary 17, 1926

DocketDocket No. 5444.

StatusPublished

This text of 3 B.T.A. 822 (Beaumont Co. v. Commissioner) 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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Beaumont Co. v. Commissioner, 3 B.T.A. 822, 1926 BTA LEXIS 2555 (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, 1926 BTA LEXIS 2555, Counsel Stack Legal Research, https://law.counselstack.com/opinion/beaumont-co-v-commissioner-bta-1926.

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