Amazeen Shoe Co. v. Commissioner

Board of Tax Appeals

Amazeen Shoe Co. v. Commissioner

15 B.T.A. 1208, 1929 BTA LEXIS 2711

CourtUnited States Board of Tax Appeals

DecidedApril 1, 1929

DocketDocket No. 12111.

StatusPublished

Cited by1 cases

This text of 15 B.T.A. 1208 (Amazeen Shoe Co. v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Amazeen Shoe Co. v. Commissioner, 15 B.T.A. 1208, 1929 BTA LEXIS 2711 (bta 1929).

Pincite

Opinion

[1209]*1209OPINION.

Teussell :

The testimony of the witnesses establishes that the correct value of the inventory on July 1, 1920, was $22,295.45 and that the write-up in the amount of $15,220.83 on the petitioner’s books was merely for the purpose of making the total of the assets equal the total par value of the stock issued therefor.

The correct value of the inventory on July 1,1920, is the only question in issue and respondent’s action must be affirmed.

Judgment will be entered for the respondent.

Free access — add to your briefcase to read the full text and ask questions with AI