Syracuse Food Prods. Corp. v. Commissioner

SYRACUSE FOOD PRODUCTS CORPORATION, FORMERLY MERRELL-SOULE CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Syracuse Food Prods. Corp. v. Commissioner

Docket Nos. 40195, 40316.

United States Board of Tax Appeals

21 B.T.A. 865; 1930 BTA LEXIS 1773;

December 23, 1930, Promulgated

March 1, 1913, value of a group of patents determined for the purpose of computing annual allowance for exhaustion based upon the average life of the group.

William A. Mackenzie, Esq., for the petitioner.

Brooks Fullerton, Esq., for the respondent.

ARUNDELL

The respondent determined deficiencies in income tax…