Borg & Beck Co. v. Commissioner
United States Board of Tax Appeals
1. The value of certain applications for patents paid into the petitioner for stock determined for invested capital purposes. 2. The amount at which intangible property acquired for stock may be included in the petitioner's invested capital determined. 3. The action of the respondent in reducing petitioner's invested capital on account of additional taxes for prior years sustained. 4. The value of certain patents determined for the purpose of computing the annual deduction…
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1. The value of certain applications for patents paid into the petitioner for stock determined for invested capital purposes. 2. The amount at which intangible property acquired for stock may be included in the petitioner's invested capital determined. 3. The action of the respondent in reducing petitioner's invested capital on account of additional taxes for prior years sustained. 4. The value of certain patents determined for the purpose of computing the annual deduction to which the petitioner is entitled for exhaustion. 5. The respondent's action in reducing the deduction taken by the…
1Opinion of the Court
THE BORG AND BECK COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Borg & Beck Co. v. Commissioner
Docket Nos. 24223, 34964.
United States Board of Tax Appeals
24 B.T.A. 995; 1931 BTA LEXIS 1549;
November 30, 1931, Promulgated
1. The value of certain applications for patents paid into the petitioner for stock determined for invested capital purposes.
2. The amount at which intangible property acquired for stock may be included in the petitioner's invested capital determined.
3. The action of the respondent in reducing petitioner's invested capital on account of additional taxes…
2Cases cited21 opinions
- Gould v. GouldSupreme Court of the United States · 1917
- Norwood v. BakerSupreme Court of the United States · 1898
- Ward v. MarylandSupreme Court of the United States · 1871
- United States v. WoodwardSupreme Court of the United States · 1921
- Glasgow v. RowseSupreme Court of Missouri · 1869
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