Leggett & Platt Spring Bed Mfg. Co. v. Commissioner
United States Board of Tax Appeals
1. On the evidence, held that the actual cash value of patent at the date paid in for stock has not been established. 2. On the evidence, held that the March 1, 1913, value of the patent has not been established. 3. Adjustment of invested capital on account of additional income and profits taxes for prior years approved.
1Opinion of the Court
LEGGETT & PLATT SPRING BED MANUFACTURING CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Leggett & Platt Spring Bed Mfg. Co. v. Commissioner
Docket Nos. 4343, 13112.
United States Board of Tax Appeals
8 B.T.A. 61; 1927 BTA LEXIS 2961;
September 12, 1927, Promulgated
1. On the evidence, held that the actual cash value of patent at the date paid in for stock has not been established.
2. On the evidence, held that the March 1, 1913, value of the patent has not been established.
3. Adjustment of invested capital on account of additional income and profits taxes for prior years approved.
M…
2Cases cited8 opinions
- Russel Wheel & Foundry Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Wallis Tractor Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Manville Jenckes Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Cheatham Electric Switching Device Co. v. CommissionerUnited States Board of Tax Appeals · 1925
- Appeal of B. F. Boyer Co.United States Board of Tax Appeals · 1926
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