Legal Opinion
White & Wells Co. v. Commissioner of Int. Rev.
Court of Appeals for the Second Circuit
Decided June 1, 1931No. 414PublishedCited by 9 opinions
1Opinion of the Court
SWAN, Circuit Judge.
The sole point in dispute is the amount of profit realized by the petitioner in 1920 upon the sale of its Naugatuck paper box factory as a going concern; and this in turn depends upon the going concern value on March 1, 1913. The Board of Tax Appeals fixed such value at $31,441.60. The petitioner contends that so low a valuation cannot be sustained by the record, and asks us to find the value to be not less than $73,689.75.
The box factory was located and equipped with special reference to convenience and efficiency in supplying the needs of two manufacturers of rubber…
2Cases cited5 opinions
- Pfleghar Hardware Specialty Co. v. BlairCourt of Appeals for the Second Circuit · 1929
- In re the Appraisal of the Estate of BallAppellate Division of the Supreme Court of the State of New York · 1914
- In re the Transfer Tax upon the Estate of DupignacNew York Surrogate's Court · 1924
- In re the Transfer Tax upon the Estate of BoltonNew York Surrogate's Court · 1923
- In re the Estate of LincolnNew York Surrogate's Court · 1920
3Cited by9 opinions
- Grace Bros. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1949
- Estate of J. E. O'connell, James O'COnnell v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1981
- Central Trust Co. v. United StatesUnited States Court of Claims · 1962
- Robertson v. RoutzahnCourt of Appeals for the Sixth Circuit · 1935
- Plaut v. MunfordCourt of Appeals for the Second Circuit · 1951
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