
    Appeal of H. MAIMIN CO., INC.
    Docket No. 1393.
    Submitted April 27, 1925;
    decided May 26, 1925.
    
      Edward M. Hyans, O. P. A., for the taxpayer.
    
      M. N. Fisher, Esq., for the Commissioner.
    Before James, Smith, and TRUssell.
    This is an appeal from the determination of a deficiency in income and profits taxes for the years 1918 and 1919 in a total sum of $1,298.25.
    FINDINGS OF FACT.
    The taxpayer is a New York corporation with its principal office located in New York City.
    On May 14, 1914, the taxpayer acquired from H. Maimin certain assets formerly owned by a Pennsylvania corporation called H. Maimin & Company.
    
      At its organization, the taxpayer acquired a certain patent, No. 957,070, dated May 3,1910. On July 14,1914, the taxpayer acquired a certain patent, No. 1,103,791. On January 19, 1915, the taxpayer acquired a certain patent, No. 1,125,434. On April 23, 1918, the taxpayer acquired a certain patent, No. 1,263,450. On February 8,1916, the taxpayer acquired a certain patent, No. 1,170,652.
    The Commissioner in auditing the taxpayer’s income and profits-tax returns for the years in question disallowed as invested capital a value of $25,000 in connection with the aforesaid patents, and disallowed as deductions certain amounts claimed on account of exhaustion of the said patents.
   DECISION.

The determination of the Commissioner is approved.  