Harding Glass Co. v. Commissioner
United States Board of Tax Appeals
Notes of solvent persons, worth their face amount, received in payment for an equal amount in par value of the capital stock of a West Virginia corporation, are to be included at their face value in computing the invested capital of such corporation.
1Opinion of the Court
HARDING GLASS CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Harding Glass Co. v. Commissioner
Docket No. 19708.
United States Board of Tax Appeals
15 B.T.A. 621; 1929 BTA LEXIS 2820;
February 26, 1929, Promulgated
Notes of solvent persons, worth their face amount, received in payment for an equal amount in par value of the capital stock of a West Virginia corporation, are to be included at their face value in computing the invested capital of such corporation.
South Trimble, Esq., and Louis B. Montfort, Esq., for the petitioner.
C. R. Marshall, Esq., for the respondent.
PHILLIPS
The…
2Cases cited1 opinion
- Harding Glass Co. v. CommissionerUnited States Board of Tax Appeals · 1929