Legal Opinion
SA MacQueen Co. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided December 12, 1933No. 5147PublishedCited by 21 opinions
1Opinion of the Court
THOMPSON, Circuit Judge.
This is a petition for review of a decision of the Board of Taz Appeals pursuant to the Revenue Act of 1926, c. 27, §§ 1001 to 1003 (26 USCA § 1224 and note, §§ 1225, 122:6). The petitioner was a Pennsylvania corporation. On February 1, 1927, at a meeting of the three stockholders who owned -the entire outstanding stock of the petitioner and who were also its directors, a resolution was passed authorizing the board of directors to sell real estate owned by the petitioner to S. A. MaeQueen, its president, director, and majority stockholder, for the sum of $85>000.…
2Cases cited5 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- United States v. PhellisSupreme Court of the United States · 1921
- Phelps v. CommissionerCourt of Appeals for the Seventh Circuit · 1931
- Labrot v. BurnetCourt of Appeals for the D.C. Circuit · 1932
- Reed v. United StatesCourt of Appeals for the Eighth Circuit · 1931
3Cited by21 opinions
- Chisholm v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1935
- Asiatic Petroleum Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1935
- Shoenberg v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1935
- Helvering v. GordonCourt of Appeals for the Eighth Circuit · 1937
- Halliburton v. CommissionerCourt of Appeals for the Ninth Circuit · 1935
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