Barbourville Brick Co. v. Commissioner
United States Tax Court
Payment by petitioner corporation to its majority stockholder, the widow of its deceased president, pursuant to corporate resolution adopted after his death, held, on the facts, to be a dividend not deductible by petitioner.
1Opinion of the Court
The Barbourville Brick Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Barbourville Brick Co. v. Commissioner
Docket No. 79558
United States Tax Court
37 T.C. 7; 1961 U.S. Tax Ct. LEXIS 59;
October 9, 1961, Filed
Decision will be entered for the respondent.
Payment by petitioner corporation to its majority stockholder, the widow of its deceased president, pursuant to corporate resolution adopted after his death, held, on the facts, to be a dividend not deductible by petitioner.
D. Paul Alagia, Jr., Esq ., for the petitioner.
Bart A. Brown, Jr., Esq., for the respondent.
Opper,…
Also in this document: Concurrence.
2Cases cited22 opinions
- Lucas v. Ox Fibre Brush Co.Supreme Court of the United States · 1930
- Helvering v. WoodSupreme Court of the United States · 1940
- Paramount-Richards Theatres, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1946
- United Mercantile Agencies, Inc. v. CommissionerUnited States Tax Court · 1955
- Ruth T. Lengsfield, Coralie Mayer Lengsfield and Blanche L. Brown v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1957
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