Legal Opinion
BROWN SHOE CO., Inc. v. Commissioner
Court of Appeals for the Eighth Circuit
Decided February 3, 1943No. 12370PublishedCited by 17 opinions
1Opinion of the Court
RIDDICK, Circuit Judge.
This is a petition to review a decision of the Board of Tax Appeals sustaining a deficiency determined by the Commissioner of Internal Revenue in the income tax of the taxpayer for the year 1937, because of sales by the taxpayer in that year of its own capital stock at a price in excess of its cost. The facts are not disputed. In 1932 the taxpayer, a corporation, in order to induce its president to remain in its service, granted him an option to purchase a stipulated number of shares of the taxpayer’s capital stock at an agreed price. In 1932 the taxpayer began the…
2Cases cited6 opinions
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- Koshland v. HelveringSupreme Court of the United States · 1936
- Palmer v. CommissionerSupreme Court of the United States · 1937
- Helvering v. ReynoldsSupreme Court of the United States · 1941
- Choate v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1942
1 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Commissioner of Internal Revenue v. Landers CorpCourt of Appeals for the Sixth Circuit · 1954
- American Oil Co. v. MahinIllinois Supreme Court · 1971
- Commissioner of Internal Revenue v. H. W. Porter & Co., Inc.Court of Appeals for the Third Circuit · 1951
- General Electric Company v. The United StatesUnited States Court of Claims · 1962
- Anderson, Clayton & Co. v. United StatesUnited States Court of Claims · 1954
12 more not listed; retrieve them via the Exa API.