Legal Opinion
Baker & Taylor Co. v. United States
Court of Appeals for the Second Circuit
Decided May 7, 1928No. Nos. 249, 250PublishedCited by 8 opinions
1Opinion of the Court
AUGUSTUS N. HAND, Circuit Judge.
The question in each of the above eases is whether $400,000, paid by the Baker & Taylor Company in income bonds for the purchase of the good will of a business, ought to have been included as invested capital for the purpose of calculating excess profits taxes. No part of this sum was allowed, and through failure to allow it the Baker & Taylor Company contends that its excess profits were unduly enlarged, and the excess profits taxes were calculated with respect to an invested capital smaller by $400,000 than the correct amount.
The Baker & Taylor Company was…
2Cases cited3 opinions
- Edwards v. DouglasSupreme Court of the United States · 1925
- Bailey v. Railroad Co.Supreme Court of the United States · 1875
- Tucker v. CurtinCourt of Appeals for the First Circuit · 1906
3Cited by8 opinions
- Concrete Engineering Co. v. Commissioner of Int. Rev.Court of Appeals for the Eighth Circuit · 1932
- Landesman-Hirschheimer Co. v. Commissioner of Int. Rev.Court of Appeals for the Sixth Circuit · 1930
- BF Sturtevant Co. v. Commissioner of Internal Rev.Court of Appeals for the First Circuit · 1935
- Ushco Mfg. Co. v. CommissionerCourt of Appeals for the Second Circuit · 1945
- Lafayette-South Side Bank v. CommissionerDistrict Court, District of Columbia · 1929
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