Legal Opinion
Allen v. Commissioner of Corporations & Taxation
Massachusetts Supreme Judicial Court
Decided September 15, 1930PublishedCited by 31 opinions
1Opinion of the CourtRugg, C.J.
This is a complaint for the abatement of an income tax for the year 1928. The question relates to the method of assessment of a tax on income received from the sale of rights to subscribe for new stock in a New York corporation. ' These rights were received by the *504complainants by virtue of their ownership of shares of stock in that corporation. The complainants contend that the basis for the computation of the tax is the difference between the market value of the rights when received and the price for which they were sold. The defendant contends that the basis is the price for which the…
2Cases cited9 opinions
- United States v. Missouri Pacific RailroadSupreme Court of the United States · 1929
- Tax Commissioner v. PutnamMassachusetts Supreme Judicial Court · 1917
- Vigeant v. Postal Telegraph Cable Co.Massachusetts Supreme Judicial Court · 1927
- Burrage v. County of BristolMassachusetts Supreme Judicial Court · 1911
- Old South Ass'n v. City of BostonMassachusetts Supreme Judicial Court · 1912
4 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Cleary v. Cardullo's, Inc.Massachusetts Supreme Judicial Court · 1964
- Bolster v. Commissioner of Corporations & TaxationMassachusetts Supreme Judicial Court · 1946
- Pyle v. School CommitteeMassachusetts Supreme Judicial Court · 1996
- D. N. Kelley & Son, Inc. v. Selectmen of FairhavenMassachusetts Supreme Judicial Court · 1936
- Kristensen v. McGrath Attorney GeneralCourt of Appeals for the D.C. Circuit · 1949
26 more not listed; retrieve them via the Exa API.