Illinois Tool Works, Inc. & Subsidiaries - Page 1

                                   117 T.C. No. 4                                     

                               UNITED STATES TAX COURT                                

               ILLINOIS TOOL WORKS, INC. & SUBSIDIARIES, Petitioner v.                
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 16022-99.             Filed July 31, 2001.                  

                    P acquired the assets of D and assumed certain                    
               liabilities, including the contingent liability for a                  
               patent infringement claim.  P was subsequently held                    
               liable for damages, interest, and court costs.                         
                    Held:  P’s payment in satisfaction of the patent                  
               infringement liability is a cost of acquiring the                      
               assets of D and must be capitalized in the year                        

               James P. Fuller, Jennifer L. Fuller, Laura K. Zeigler,                 
          William F. Colgin, Jr., and Kenneth B. Clark, for petitioner.               
               Rogelio A. Villageliu, for respondent.                                 

Page:   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  Next

Last modified: May 25, 2011