Commissioner of Corporations & Taxation v. Thayer, Bradley Co.

This is an appeal by the commissioner of corporations and taxation from a decision by the Board of Tax Appeals abating certain additional corporate excise taxes assessed to the corporation taxpayer for the years 1926 and 1927. The commissioner in determining the corporate excess for the purpose of assessing the excise refused to allow as a deduction from the fair value of the capital stock the value of certain real estate within the Commonwealth subject to local taxation standing in the name of straws to which the taxpayer asserted title. An additional assessment was made arid the…