Stocker v. Commissioner
United States Board of Tax Appeals
1. Amounts distributed in 1919 in liquidation of corporations out of earnings and profits accumulated since February 28, 1913, are payments in exchange for its stock subject to both normal and surtax under section 201(c) of the Revenue Act of 1918. 2. An erroneous construction of the laws by the Treasury Department does not preclude nor estop the Government from collecting a tax which is legally due.
1Opinion of the Court
BEN STOCKER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
JACOB F. MAY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
H. M. MAY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
B. H. MAY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MAX H. MAY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
SOL MAY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
PAUL MAY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
HARRY MAY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Stocker v. Commissioner
Docket…
2Cases cited1 opinion
- Stocker v. CommissionerUnited States Board of Tax Appeals · 1928