Grand Rapids Show Case Co. v. Commissioner
United States Board of Tax Appeals
1. March 1, 1913, value of patents determined. 2. Certain development costs and capital expenditures restored to surplus and included in computation of invested capital. 3. Excessive depreciation charged off in prior years restored to surplus and included in computation of invested capital. 4. Value of certain assets acquired in 1910 for stock determined for purposes of invested capital and depreciation. 5. Income computed upon installment sales basis for certain years. 6.…
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1. March 1, 1913, value of patents determined. 2. Certain development costs and capital expenditures restored to surplus and included in computation of invested capital. 3. Excessive depreciation charged off in prior years restored to surplus and included in computation of invested capital. 4. Value of certain assets acquired in 1910 for stock determined for purposes of invested capital and depreciation. 5. Income computed upon installment sales basis for certain years. 6. Special assessment allowed. 7. Deficiencies held not barred by statutes of limitation.
1Opinion of the Court
*1038OPINION.
Siefkin:
The questions involved are:
1. The March 1, 1913, value of patent No. 987,183 or the franchise under which the petitioner used it and ivas entitled to keep manufacturers out of the field;
2. The reinstatement in invested capital of (a) the amounts spent in acquiring, developing, maintaining and defending the patent, and (b) $85,000 paid to McCrorey which had been charged as expense;
3. The reinstatement in invested capital of $61,288.53 constituting what is alleged to be excessive depreciation charged off in the years 1904 to 1913, inclusive. The petitioner also contends that…
2Cases cited1 opinion
- Blair v. Oesterlein MacHine Co.Supreme Court of the United States · 1927
3Cited by8 opinions
- John A. Nelson Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- Omholt v. CommissionerUnited States Tax Court · 1973
- Grand Rapids Show Case Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- John A. Nelson Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- John Wanamaker Philadelphia v. CommissionerUnited States Board of Tax Appeals · 1931
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