Income Tax Procedure 1922 Including Federal Capital Stock Tax Federal Estate
Income Tax Procedure 1922 Including Federal Capital Stock Tax Federal Estate
Robert Hiester Montgomery
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5^8 INCOME way stocks and other securities as of that time. Justice Charles E. Hughes, in speaking of stock of Richmond, Fredericks- burg and Potomac Railroad Company (one lot amongst the several involved), said: Decisions. The fact, however, that there was no sufficient proof of market value was not an insuperable obstacle to the making of a fair valuation. It was clearly proper to introduce evidence tending to show the intrinsic value of the shares (Nelson v. First National Bank, 69 Fed. 798-...803 ; Critch field v. Julia, 147 Fed. 65, 73; Henry v. A^. A. Construction Co. , 158 Fed. 79, 81; Murray v. Stanton, 99 Mass. 345 ; Industrial and General Trust Co. V. Tod, 180 N. Y. 215, 232; State v. Carpenter, 51 Oh. St. 83; Redding v. Godkjuin, 44. Minn. 355; Moffitt v. Hereford, 132 Mo. 513. ) Property concerning which no proof of value in the market can be given, because it is not brought into the course of trade and is incapable of any estimate in that mode is often the subject of legal valuation.
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