Case Name: Appeal of THE BEAUMONT CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1926-02-17
Citations: 3 B.T.A. 822
Docket Number: Docket No. 5444
Parties: Appeal of THE BEAUMONT CO.
Judges: Before Gealtpner, Trammell, and Phillips.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 3
Pages: 822–823

Head Matter:
Appeal of THE BEAUMONT CO.
Docket No. 5444.
Submitted December 7, 1925.
Decided February 17, 1926.
Thos. P. Dudley, Jr., Esq., for the Commissioner.
Before Gealtpner, Trammell, and Phillips.

Opinion:
OPINION.
GeatjpNer
: We must approve the action of the Commissioner in disallowing the claimed deduction, not on the ground that the taxpayer is precluded from changing its method of reporting the kind of expenditures which give rise to the deficiency, but for the reason that expenditures made for the development and in the acquisition of patents are properly capital expenditures. Appeal of Gilliam Manufacturing Co., 1 B. T. A. 967; Appeal of Goodell-Pratt Co., 3 B. T. A. 30.