United States Board of Tax Appeals January 10, 1929, Docket No. 13249. (Citrus Soap Co. v. Commissioner)

lead-opinion

*1159OPINION.

MaRquette:

The issues raised by the pleadings in this case are: (1) What amount is the petitioner entitled to include in its invested capital for the years 1920 and 1921 on account of the assets acquired by it from the Old Corporation? (2) What amount is it entitled to include in invested capital on account of the seven promissory notes received from Stephens & Co.