Leggett & Platt Spring Bed Co. v. Crooks

OTIS, District Judge.

In-this case the plaintiff seeks to recover, with interest, a total of $17,170.25 from the defendant. That amount is the aggregate of alleged over-payments of income and excess profit taxes for the years 1919, 1920, 1921, 1922, and 1923. The theory is that plaintiff was entitled in each of these years to a deduction from its gross income, equal to the amount of depreciation in the value of the patents owned by it. The defendant concedes that the theory asserted by the plaintiff is right, and that plaintiff is entitled to recover from the defendant as to each of the years…