C. F. Hovey Co. v. Commissioner

APPEAL OF C. F. HOVEY CO.

C. F. Hovey Co. v. Commissioner

Docket No. 5448.

United States Board of Tax Appeals

4 B.T.A. 175; 1926 BTA LEXIS 2351;

June 22, 1926, Decided Submitted February 11, 1926.

The value of good will paid in to a corporation for shares of capital stock determined.

Frank J. Albus, Esq., for the petitioner.

F. O. Graves, Esq., for the Commissioner.

SMITH

Before SMITH, JAMES, 1 LITTLETON, and TRUSSELL.

This appeal is from the determination of a net deficiency of $3,943.95 in income and profits tax for the three years ended January 31, 1917, January 31, 1918, and January 31, 1920, as…