May Dep't Stores Co. v. Commissioner
United States Tax Court
Where petitioner received a tract of land at the site of a planned shopping center complex in consideration of a promise to construct and operate a retail facility on that tract, it is Held, that the transfer of the tract of land constituted a contribution to the petitioner's capital.
1Opinion of the Court
THE MAY DEPARTMENT STORES COMPANY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
May Dep't Stores Co. v. Commissioner
Docket No. 4021-72.
United States Tax Court
T.C. Memo 1974-253; 1974 Tax Ct. Memo LEXIS 69; 33 T.C.M. (CCH) 1128; T.C.M. (RIA) 74253;
September 23, 1974, Filed.
Where petitioner received a tract of land at the site of a planned shopping center complex in consideration of a promise to construct and operate a retail facility on that tract, it is
Held, that the transfer of the tract of land constituted a contribution to the petitioner's capital.
Robert A. Schulman and Lyman…
2Cases cited11 opinions
- Detroit Edison Co. v. CommissionerSupreme Court of the United States · 1943
- Brown Shoe Co. v. CommissionerSupreme Court of the United States · 1950
- United States v. Chicago, Burlington & Quincy RailroadSupreme Court of the United States · 1973
- Denver & Rio Grande Western Railroad Company v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1960
- Denver & R. G. W. R. Co. v. CommissionerUnited States Tax Court · 1959
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3Cited by3 opinions
- Sprint Nextel Corp. and Subsidiaries v. United StatesDistrict Court, D. Kansas · 2011
- The May Department Stores Company v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1975
- In Re Elder-Beerman Stores Corp.United States Bankruptcy Court, S.D. Ohio · 1997