D. N. & E. Walter & Co. v. Commissioner
United States Board of Tax Appeals
1. Value of good will acquired by D.N. & E. Walter & Co., Inc., at date of organization, determined for the purpose of invested capital. 2. Intangible property may not be included in invested capital as a paid-in surplus.
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1. Value of good will acquired by D.N. & E. Walter & Co., Inc., at date of organization, determined for the purpose of invested capital. 2. Intangible property may not be included in invested capital as a paid-in surplus. Appeal of Herald-Despatch Co.,4 B.T.A. 1096. 3. Where a mixed aggregate of tangible and intangible property is acquired by a corporation with shares of capital stock, and the aggregate cash value of the property, at the date paid in, is greater than the aggregate par value of the shares of stock issued for such property, the stock must be deemed to have been issued for the…
1Opinion of the Court
D.N. & E. WALTER & CO., INC., and WALTER REAL ESTATE CO., PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
D. N. & E. Walter & Co. v. Commissioner
Docket No. 7618.
United States Board of Tax Appeals
10 B.T.A. 620; 1928 BTA LEXIS 4056;
February 10, 1928, Promulgated
1. Value of good will acquired by D.N. & E. Walter & Co., Inc., at date of organization, determined for the purpose of invested capital.
2. Intangible property may not be included in invested capital as a paid-in surplus. Appeal of Herald-Despatch Co.,4 B.T.A. 1096.
3. Where a mixed aggregate of tangible and intangible…
2Cases cited5 opinions
- D. N. & E. Walter & Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- St. Louis Screw Co. v. CommissionerUnited States Board of Tax Appeals · 1925
- Herald-Despatch Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Hutchins Lumber & Storage Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Buffalo Wills-Sainte Claire Corp. v. CommissionerUnited States Board of Tax Appeals · 1925