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Natural Gas Corp. v. Commissioner, 90 F.2d 814, 817 (4th Cir.
1937), affg. 34 B.T.A. 228 (1936), wherein the appellate court
stated that "an intensive campaign to get new customers at any
time gives rise to capital expenditures, and the time when such
expenditures might be incurred is not confined to the early or
formative stages of a company".
We have considered all arguments by the parties, and, to the
extent not discussed above, find them to be irrelevant or without
merit. To reflect the foregoing,
Decisions will be entered
under Rule 155.
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Last modified: May 25, 2011