Shope Brick Co. v. Commissioner
United States Board of Tax Appeals
1. The value of United States and Canadian patents paid in to a corporation for a consideration of $1 and $2, respectively, may not be included in invested capital under the Revenue Acts of 1918 and 1921 as a paid-in surplus. 2. March 1, 1913, value of patents determined.
1Opinion of the Court
APPEAL OF SHOPE BRICK CO.
Shope Brick Co. v. Commissioner
Docket No. 6531.
United States Board of Tax Appeals
5 B.T.A. 1042; 1927 BTA LEXIS 3690;
January 10, 1927, Promulgated
1. The value of United States and Canadian patents paid in to a corporation for a consideration of $1 and $2, respectively, may not be included in invested capital under the Revenue Acts of 1918 and 1921 as a paid-in surplus.
2. March 1, 1913, value of patents determined.
Frederick L. Pearce, C.P.A. and George M. Morris, Esq., for the petitioner.
Thomas P. Dudley, Jr., Esq., for the Commissioner.
MORRIS
This is an appeal from the…
2Cases cited1 opinion
- Shope Brick Co. v. CommissionerUnited States Board of Tax Appeals · 1927