Bennett v. Commissioner
United States Tax Court
Held, an integrated transaction whereby the stock interest of a majority shareholder in a closely held corporation was terminated did not result in a distribution essentially equivalent to a dividend to the minority shareholder within the meaning of sec. 302(b)(1), I.R.C. 1954.
1Opinion of the Court
Richard B. Bennett and Luanne Bennett, Petitioners v. Commissioner of Internal Revenue, Respondent
Bennett v. Commissioner
Docket No. 6790-70
United States Tax Court
58 T.C. 381; 1972 U.S. Tax Ct. LEXIS 113;
May 30, 1972, Filed
Decision will be entered for the petitioners.
Held, an integrated transaction whereby the stock interest of a majority shareholder in a closely held corporation was terminated did not result in a distribution essentially equivalent to a dividend to the minority shareholder within the meaning of sec. 302(b)(1), I.R.C. 1954.
James P. Brody, Benjamin F. Garmer III, and Joseph R.…
2Cases cited27 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Enoch v. CommissionerUnited States Tax Court · 1972
- Wall v. United StatesCourt of Appeals for the Fourth Circuit · 1947
- United States v. DavisSupreme Court of the United States · 1970
- Joseph R. Holsey and Eleanor T. Holsey v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
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