Beaumont Co. v. Commissioner
3 B.T.A. 822, 1926 BTA LEXIS 2555
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.
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Beaumont Co. v. Commissioner, 3 B.T.A. 822, 1926 BTA LEXIS 2555 (bta 1926).
3 B.T.A. 822 (Beaumont Co. v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Appeal of Beaumont Co.
3 B.T.A. 822 (Board of Tax Appeals, 1926)