BURNET v. NATIONAL ELECTRIC TICKET REGISTER CO.

No. 9070.

55 F.2d 587 (1932)

BURNET, Commissioner of Internal Revenue, v. NATIONAL ELECTRIC TICKET REGISTER CO.

Circuit Court of Appeals, Eighth Circuit.

January 23, 1932.


Attorney(s) appearing for the Case

Norman D. Keller, Sp. Asst. to Atty. Gen. (G. A. Youngquist, Asst. Atty. Gen., Sewall Key, Sp. Asst. to Atty. Gen., and C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, of Washington, D. C., on the brief), for petitioner.

Maurice T. Weinshenk, of Washington, D. C., for respondent.

Before VAN VALKENBURGH, BOOTH, and GARDNER, Circuit Judges.


VAN VALKENBURGH, Circuit Judge.

This is a petition to review a decision of the Board of Tax Appeals reversing that of the Commissioner of Internal Revenue, who disallowed deductions to the taxpayer, respondent herein, for depreciation of patent No. 1,145,818. As found by the Board of Tax Appeals, the respondent is a Missouri corporation with a capital stock of $150,000. It was organized in December, 1912, and in the same month one-half of its stock was issued to W...

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