Weser Bros., Inc. v. Commissioner
United States Board of Tax Appeals
1. The evidence fails to establish that the Commissioner's determination of profit derived by petitioner upon collection of accounts receivable acquired for stock, was erroneous. 2. Value of intangible assets for invested capital purposes, and the value of patents for exhaustion, determined.
1Opinion of the Court
OPINION.
Love:
These proceedings are brought to redetermine deficiencies in income and profits tax in the total amount of $41,230.61 for the fiscal years ended January 31, 1919, 1920, and 1921, in Docket No. 10548; in the amount of $2,444.67 for the fiscal year ended January 31, 1922, in Docket No. 17055; and income tax in the amount of $11,086.93 for the fiscal year ended January 31, 1923, in Docket No. 25239.
Because the issues involved are common to all the appeals, the cases were consolidated for the purpose of hearing and decision.
The petitioner alleges that in determining deficiencies for…
2Cases cited3 opinions
- Heiner v. TindleSupreme Court of the United States · 1928
- Blood v. . KaneNew York Court of Appeals · 1892
- In re the Estate of MinerNew York Surrogate's Court · 1903
3Cited by4 opinions
- Heiner v. MellonSupreme Court of the United States · 1938
- Bancitaly Corp. v. CommissionerUnited States Board of Tax Appeals · 1936
- H. S. Crocker Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- Weser Bros., Inc. v. CommissionerUnited States Board of Tax Appeals · 1928