Whitelite Electric Co. v. Commissioner
United States Board of Tax Appeals
The Commissioner correctly included depreciated cost of certain patents in his determination of the basic cost of a mixed body of assets sold in the taxable years by an affiliated group of which the petitioner was the parent corporation.
1Opinion of the Court
WHITELITE ELECTRIC CO., PETITIONER, v.. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Whitelite Electric Co. v. Commissioner
Docket No. 28472.
United States Board of Tax Appeals
18 B.T.A. 934; 1930 BTA LEXIS 2570;
January 27, 1930, Promulgated
The Commissioner correctly included depreciated cost of certain patents in his determination of the basic cost of a mixed body of assets sold in the taxable years by an affiliated group of which the petitioner was the parent corporation.
Sharon Graham, Esq., for the petitioner.
John D. Foley, Esq., for the respondent.
LANSDON
The respondent has asserted a…
2Cases cited1 opinion
- Whitelite Electric Co. v. CommissionerUnited States Board of Tax Appeals · 1930