Guaranty State Bank v. Commissioner
United States Board of Tax Appeals
Findings made in 1922 by the State Banking Commissioner as to the financial condition of petitioner and the decree of the State court approving such report and declaring the bank insolvent are not res adjudicata of the questions involved here and certified copies thereof are not competent evidence to establish the invested capital of petitioner for 1920 and prior years, or to prove that petitioner is entitled to additional deductions in 1920 for bad debts which it had not in…
Read the full summary
Findings made in 1922 by the State Banking Commissioner as to the financial condition of petitioner and the decree of the State court approving such report and declaring the bank insolvent are not res adjudicata of the questions involved here and certified copies thereof are not competent evidence to establish the invested capital of petitioner for 1920 and prior years, or to prove that petitioner is entitled to additional deductions in 1920 for bad debts which it had not in that year ascertained to be worthless and charged off.
1Opinion of the Court
GUARANTY STATE BANK OF GREENVILLE, TEX., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Guaranty State Bank v. Commissioner
Docket No. 5459.
United States Board of Tax Appeals
12 B.T.A. 543; 1928 BTA LEXIS 3517;
June 11, 1928, Promulgated
Findings made in 1922 by the State Banking Commissioner as to the financial condition of petitioner and the decree of the State court approving such report and declaring the bank insolvent are not res adjudicata of the questions involved here and certified copies thereof are not competent evidence to establish the invested capital of petitioner for…
2Cases cited14 opinions
- Russell v. PlaceSupreme Court of the United States · 1877
- Oklahoma v. TextasSupreme Court of the United States · 1921
- Last Chance Mining Co. v. Tyler Mining Co.Supreme Court of the United States · 1895
- Mayor of Vicksburg v. HensonSupreme Court of the United States · 1913
- Washington, Alexandria, & Georgetown Steam-Packet Co. v. SicklesSupreme Court of the United States · 1861
9 more not listed; retrieve them via the Exa API.