Case Name: Appeal of FEIST & BACHRACH, INC.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-11-06
Citations: 2 B.T.A. 1228
Docket Number: Docket No. 1350
Parties: Appeal of FEIST & BACHRACH, INC.
Judges: Before GREen, Lansdon, and Love.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 2
Pages: 1228–1230

Head Matter:
Appeal of FEIST & BACHRACH, INC.
Docket No. 1350.
Submitted May 4, 1925.
Decided November 6, 1925.
Franhlin G. Parks and H. R. Young, Esqs., for the taxpayer.
Lee I. Park, Esq., for the Commissioner.
Before GREen, Lansdon, and Love.

Opinion:
OPINION.
Love:
The evidence as a whole is convincing that the stockholders, who withdrew from the business the amounts charged to them, respectively, never intended to repay them and that the withdrawals were intended to be and were distributions of profits. Appeal of Walle & Co., Ltd., 1 B. T. A. 1064.