Legal Opinion
Burnet v. National Electric Ticket Register Co.
Court of Appeals for the Eighth Circuit
Decided January 23, 1932No. 9070PublishedCited by 1 opinion
1Opinion of the Court
VAN VALKENBURGH, Circuit Judge.
This is a petition to review a decision of the Board of Tax Appeals reversing) that of the Commissioner of Internal Revenue, who disallowed deductions to the taxpayer, respondent herein, for depreciation of patent No. 1,145,818. .As found by the Board of Tax Appeals, the respondent is a Missouri corporation with a capital stock of $150,000. It was organized in December, 1912, and in the same month one-half of its stock was issued to W. L. Sullivan, one of its organizers, and later its president, as consideration for the assignment of a pending application for…
2Cases cited3 opinions
- Rhode Island Hospital T. Co. v. COM'NR. OF INTERNAL REVENUECourt of Appeals for the First Circuit · 1928
- First Nat. Bank of Omaha v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1931
- Leggett & Platt Spring Bed Co. v. CrooksDistrict Court, W.D. Missouri · 1929
3Cited by1 opinion
- Concrete Engineering Co. v. Commissioner of Int. Rev.Court of Appeals for the Eighth Circuit · 1932