United States Board of Tax Appeals November 12, 1929, Docket Nos. 22251, 24711, 28952, 37180. (Marc Eidlitz & Son, Inc. v. Commissioner)

lead-opinion

*191OPINION.

SteRnhagen:

The petitioner, by its petition, sought to overcome the respondent’s determination on three points: (1) That its statutory invested capital under section 326 should include $300,000 more than the respondent has allowed, by reason of the transactions which resulted in its acquisition of trade name and good will; (2) that, failing this, the evidence shows an