Doughty v. Commissioner of Taxes, [1927] AC 327 (PC)

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Summaries

Summary Under

step up in recorded carrying value not profit

On the formation of a partnership, the excess of the nominal value of the shares issued over the net book value of the assets transferred was...

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Summary Under

appreciated inventory transfer as part of business drop-down on capital account

On the formation of a partnership, the excess of the nominal value of the shares issued over the net book value of the assets transferred was...

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Summary Under

sale of whole concern is on capital account

On the incorporation of a partnership, the excess of the nominal value of the shares issued over the net book value of the assets transferred was...

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