Weser Bros., Inc. v. Commissioner
United States Board of Tax Appeals
1. The evidence fails to establish that the Commissioner's determination of profit derived by petitioner upon collection of accounts receivable acquired for stock, was erroneous. 2. Value of intangible assets for invested capital purposes, and the value of patents for exhaustion, determined.
1Opinion of the Court
WESER BROS., INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Weser Bros., Inc. v. Commissioner
Docket Nos. 10548, 17055, 25239.
United States Board of Tax Appeals
12 B.T.A. 1394; 1928 BTA LEXIS 3343;
July 18, 1928, Promulgated
1. The evidence fails to establish that the Commissioner's determination of profit derived by petitioner upon collection of accounts receivable acquired for stock, was erroneous.
2. Value of intangible assets for invested capital purposes, and the value of patents for exhaustion, determined.
Nelson S. Spencer, Esq., for the petitioner.
John W. Fisher, Esq.,…
2Cases cited1 opinion
- Weser Bros., Inc. v. CommissionerUnited States Board of Tax Appeals · 1928