contribution to capital
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 339 U.S. 583 - Brown Shoe Co. v. Commissioner · 1950Most cited · 221 citing opinions
The values which the taxpayer received were additions to 'capital' as that term has commonly been understood in both business and accounting practice; contributions to capital may originate with persons having no proprietary interest in the business. The transfers manifested a definite purpose to enlarge the working capital of the company.