Citrus Soap Co. of California v. Lucas

RUDKIN, Circuit Judge.

This is a proceeding to review a decision of the United States Board of Tax Appeals. The petition presents but two questions: First, was there any competent testimony before the board tending to prove the value of the good will acquired by the petitioner through the purchase of the assets and business of its predecessor in interest; and, second, was there competent testimony tending to prove that the petitioner sustained a loss through the demolition of a building acquired by it from its predecessor in interest, together with the equipment therein contained ?

In disposing…