United States Board of Tax Appeals December 23, 1925, Docket Nos. 2404, 2724. (Webb Press Co. v. Commissioner)

APPEAL OF WEBB PRESS CO., LTD. Webb Press Co. v. Commissioner Docket Nos. 2404, 2724. United States Board of Tax Appeals 3 B.T.A. 247; 1925 BTA LEXIS 1998; December 23, 1925, Decided Submitted August 17, 1925. *1998 1. Two-thirds of the net profits paid under a royalty agreement, held to be a proper deduction under the circumstances of this appeal. 2.