# Federal St. & Pleasant Valley Passenger Ry. v. Commissioner > United States Board of Tax Appeals · October 2, 1931 · 24 B.T.A. 262 URL: https://www.frixlaw.com/law-library/cases/4492153 ## Case - **Full name:** FEDERAL STREET AND PLEASANT VALLEY PASSENGER RAILWAY COMPANY, v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** October 2, 1931 - **Citations:** 24 B.T.A. 262; 1931 BTA LEXIS 1670 - **Precedential status:** Published - **Opinion:** Dissent by Teammell - **Judges:** Sternhagen, Smith, Murdock, McMahon, Teammell - **Cited by:** 1 later opinions in the Frix Law Library ## Citator (automated) - No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases. - Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4492153 ## Opinion text Teammell, dissenting: In my opinion, the Circuit Court of Appeals for the First Circuit, in the case of Boston & Providence Railroad Co. v. United States, supra, has correctly answered the question as to the assumption of the bonded indebtedness. Aside from that decision, I think the entire amount should be included in invested capital. The corporation was enriched by the amount of assumed obligations prior to any taxable period. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4492153. Public record. Not legal advice.