# Nachmann Co. v. Commissioner

> United States Board of Tax Appeals · September 30, 1926 · 4 B.T.A. 1271

URL: https://www.frixlaw.com/law-library/cases/4497300

## Case

- **Full name:** APPEAL OF THE NACHMANN COMPANY.
- **Court:** United States Board of Tax Appeals
- **Decided:** September 30, 1926
- **Citations:** 4 B.T.A. 1271; 1926 BTA LEXIS 2032
- **Precedential status:** Published
- **Opinion:** Opinion of the court by Littleton
- **Judges:** Littleton
- **Cited by:** 0 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4497300

## Opinion text

*1274 OPINION.
Littleton
: The patent license was acquired by Nachmann without cost. He expended in excess of $3,000 in developing the articles and subsequently transferred the license to the petitioner for $3,000 par value stock. The license may have had a cash value in August, 1915, but the evidence before us does not establish what such value was. The fact that Nachmann expended $3,000 in developing the patented article does not warrant a conclusion that the license had an actual cash value equal to that amount, nor do the royalties paid, or the resolution of the directors, standing alone, prove actual value.
Judgment for the Commissioner.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4497300. Public record. Not legal advice.