Concrete Engineering Co. v. Commissioner of Int. Rev.

STONE, Circuit Judge.

This is a petition by a taxpayer to review an order of the Board of Tax Appeals redetermining income and excess profits taxes for the year 1920.

Before the Board of Tax Appeals petitioner urged four errors in the assessment-of this tax. One of these had to do with the failure of the Commissioner to allow a depreciation deduction on two patents which formed the foundation of petitioner’s business. The Board found the values of the patents, and allowed a depreciation deduction equivalent to one-seventeenth of the value thereof. The petitioner acquiesces in this finding, and…