Ralston Steel Car Co. v. Commissioner

Board of Tax Appeals

Ralston Steel Car Co. v. Commissioner

15 B.T.A. 1416, 1929 BTA LEXIS 2673

CourtUnited States Board of Tax Appeals

DecidedApril 12, 1929

DocketDocket Nos. 7640, 18158.

StatusPublished

Cited by1 cases

This text of 15 B.T.A. 1416 (Ralston Steel Car 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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Ralston Steel Car Co. v. Commissioner, 15 B.T.A. 1416, 1929 BTA LEXIS 2673 (bta 1929).

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Opinion

[1417]*1417OPINION'.

Siefkin :

The voluminous evidence in these proceedings of well qualified witnesses leads us to the practical certainty that the so-called Ralston patents had an actual cash value of $600,000 at the time paid in to the petitioner.

Error is alleged in Docket No. 18158 as to the disallowance for the year 1918 of depreciation on the cost of the patents. No such error is alleged in Docket No. 7640, relating to 1920. We are unable to determine from the record that any amount was disallowed or that the deficiencies asserted are thereby affected. On that question, therefore, we must hold against the petitioner.

Judgment will be entered under Rule 50.

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