Legal Opinion
Commissioner of Internal Revenue v. John P. And Eleanor Murdoch. Henrietta O. Murdoch v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided July 8, 1963No. 14223_1PublishedCited by 13 opinions
1Opinion of the Court
FORMAN, Circuit Judge.
Petition for Review by Henrietta O. Murdoch, No. 14,223
John P. Murdoch and his brother Eugene K. Murdoch, each owned 49% of the stock of John P. Murdoch Company, a business they inherited from their father. For some years prior to his death, in September of 1945, Eugene K. Murdoch was ill and John P. Murdoch managed the business. Eugene K. Murdoch continued to draw a salary until his death, at which time his widow, Henrietta O. Murdoch, inherited his interest. Shortly thereafter John P. Murdoch and Mrs. Murdoch agreed that the physical assets, viz., the real estate and…
2Cases cited3 opinions
- Fowler Hosiery Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1962
- Fowler Hosiery Co. v. CommissionerUnited States Tax Court · 1961
- Longino v. CommissionerUnited States Tax Court · 1959
3Cited by13 opinions
- Harrison E. Spangler and Myrtle B. Spangler v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1963
- State Fish Corp. v. CommissionerUnited States Tax Court · 1967
- Messer v. CommissionerCourt of Appeals for the Third Circuit · 1971
- Canal-Randolph Corporation v. United StatesCourt of Appeals for the Seventh Circuit · 1977
- Maryland Coal & Coke Co. v. McGinnesDistrict Court, E.D. Pennsylvania · 1964
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