Hazeltine Corp. v. Commissioner

HAZELTINE CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Hazeltine Corp. v. Commissioner

Docket No. 68074.

United States Board of Tax Appeals

32 B.T.A. 110; 1935 BTA LEXIS 994;

February 20, 1935, Promulgated

1. The amount of an allowance for depreciation for the year 1930 determined.

2. During 1930 the petitioner spent $41,363.92 for patent applications and $36,681.26 for patent interferences. Held, that the amounts are not legal deductions from gross income.

Paul Armitage, Esq., E. H. McDermott, Esq., and Willis H. Taylor, Jr., Esq., for the petitioner.

Bruce A. Low, Esq.,…