D. N. & E. Walter & Co. v. Commissioner
United States Board of Tax Appeals
1. Held, that the evidence establishes that the taxpayer acquired good will for stock, but is insufficient to establish the value thereof. 2. The taxpayer is entitled to have its profits tax assessed under section 328 of the Revenue Act of 1918. 3. The amount paid for services rendered in procuring a lease is a capital expenditure which should be spread over the life of the lease.
1Opinion of the Court
APPEAL OF D.N. & E. WALTER & CO., INC.
D. N. & E. Walter & Co. v. Commissioner
Docket No. 4006.
United States Board of Tax Appeals
4 B.T.A. 142; 1926 BTA LEXIS 2362;
June 21, 1926, Decided Submitted December 24, 1925.
1. Held, that the evidence establishes that the taxpayer acquired good will for stock, but is insufficient to establish the value thereof.
2. The taxpayer is entitled to have its profits tax assessed under section 328 of the Revenue Act of 1918.
3. The amount paid for services rendered in procuring a lease is a capital expenditure which should be spread over the life of the lease.
W. W.…
2Cases cited1 opinion
- D. N. & E. Walter & Co. v. CommissionerUnited States Board of Tax Appeals · 1926