United States Board of Tax Appeals March 9, 1928, Docket No. 5655. (North Iowa Brick & Tile Co. v. Commissioner)

NORTH IOWA BRICK & TILE CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. North Iowa Brick & Tile Co. v. Commissioner Docket No. 5655. United States Board of Tax Appeals 10 B.T.A. 1290; 1928 BTA LEXIS 3918; March 9, 1928, Promulgated *3918 1. INVESTED CAPITAL. - The true cash value of proved clay lands acquired for stock determined for the purposes of invested capital. 2.