F. Meyer & Bro. Co. v. Commissioner

Teussell:

This is an appeal from the determination of a deficiency in income and profits taxes in the amount of $3,518.67 for the year 1920, resulting from the disallowance by the Commissioner of a claimed deduction from gross income in the amount of $12,860.21, part of the cost of patent infringement litigation.

*482BINDINGS OB BACT.

1. The taxpayer is an Illinois corporation with its principal place of business at Peoria.

2. During the year 1920 the taxpayer was the defendant in a lawsuit in the United States District Court, the case being entitled Excelsior Steel Furnace Co. v. F. Meyer & Brother…