Hartford-Empire Co. v. Commissioner
United States Board of Tax Appeals
1. In Hartford-Empire Co.,26 B.T.A. 134, the question for decision by the Board was whether in computing allowances for the exhaustion of certain patents and applications for patents acquired by the petitioner from the Hartford-Fairmont Co. for the years 1923 to 1928, inclusive, the basis to be used was the cost of such assets to the predecessor corporation or their value on March 1, 1913. The Board held that the basis was the March 1, 1913, value.
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1. In Hartford-Empire Co.,26 B.T.A. 134, the question for decision by the Board was whether in computing allowances for the exhaustion of certain patents and applications for patents acquired by the petitioner from the Hartford-Fairmont Co. for the years 1923 to 1928, inclusive, the basis to be used was the cost of such assets to the predecessor corporation or their value on March 1, 1913. The Board held that the basis was the March 1, 1913, value. In that proceeding the parties filed a stipulation of facts which showed, among other things, that the petitioner had acquired certain "Empire"…
1Opinion of the Court
HARTFORD-EMPIRE COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hartford-Empire Co. v. Commissioner
Docket Nos. 94788, 95673.
United States Board of Tax Appeals
43 B.T.A. 113; 1940 BTA LEXIS 845;
December 19, 1940, Promulgated
1. In Hartford-Empire Co.,26 B.T.A. 134, the question for decision by the Board was whether in computing allowances for the exhaustion of certain patents and applications for patents acquired by the petitioner from the Hartford-Fairmont Co. for the years 1923 to 1928, inclusive, the basis to be used was the cost of such assets to the predecessor…
2Cases cited15 opinions
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- Southern Pacific Railroad v. United StatesSupreme Court of the United States · 1897
- Tait v. Western Maryland Railway Co.Supreme Court of the United States · 1933
- United States v. MoserSupreme Court of the United States · 1924
- New Orleans v. Citizens' BankSupreme Court of the United States · 1897
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