Elliott v. Commissioner
United States Board of Tax Appeals
Held, payments made to the taxpayer of an agreed percentage of rentals, collected by his licensee, for use of an invention of which the taxpayer was part owner, are taxable income to him for the year received.
1Opinion of the Court
FRANK W. ELLIOTT, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Elliott v. Commissioner
Docket Nos. 32632, 42454.
United States Board of Tax Appeals
24 B.T.A. 5; 1931 BTA LEXIS 1712;
September 11, 1931, Promulgated
Held, payments made to the taxpayer of an agreed percentage of rentals, collected by his licensee, for use of an invention of which the taxpayer was part owner, are taxable income to him for the year received.
G. E. Brammer, Esq., and L. Call Dickinson, Esq., for the petitioner.
B. M. Coon, Esq., for the respondent.
LANSDON
OPINION.
LANSDON: These consolidated appeals have been…
2Cases cited1 opinion
- Elliott v. CommissionerUnited States Board of Tax Appeals · 1931