Case Name: Appeal of ENKE CITY DYE WORKS, INC.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-07-15
Citations: 2 B.T.A. 378
Docket Number: Docket No. 976
Parties: Appeal of ENKE CITY DYE WORKS, INC.
Judges: Before GraupNer, Trammell, and Phillips.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 2
Pages: 378–379

Head Matter:
Appeal of ENKE CITY DYE WORKS, INC.
Docket No. 976.
Submitted June 1, 1925.
Decided July 15, 1925.
L. E. Schmitt, Esq., and John G. Richardson, O. P. A., for the taxpayer.
Ward Loveless, Esq., for the Commissioner.
Before GraupNer, Trammell, and Phillips.

Opinion:
OPINION.
Graupner:
In this appeal it is clear that there was a change of ownership after March 3, 1917, and it is equally clear that an interest or control of fifty per cent or more remained in the owner of the predecessor business. The provisions of section 331 of the Eevenue Act of 1918 are therefore applicable, and, under this section, the taxpayer is not entitled to include the claimed item of good will in its invested capital.