Continental Baking Co. v. Commissioner
United States Board of Tax Appeals
Where petitioner, in exchange for all of the taxpayer's assets, transferred to the taxpayer shares of its capital stock and assumed all existing liabilities of the taxpayer, petitioner is liable as transferee for additional Federal taxes due from the taxpayer.
1Opinion of the Court
CONTINENTAL BAKING COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Continental Baking Co. v. Commissioner
Docket No. 44873.
United States Board of Tax Appeals
27 B.T.A. 884; 1933 BTA LEXIS 1289;
March 7, 1933, Promulgated
Where petitioner, in exchange for all of the taxpayer's assets, transferred to the taxpayer shares of its capital stock and assumed all existing liabilities of the taxpayer, petitioner is liable as transferee for additional Federal taxes due from the taxpayer.
Robert No. Andeson, Esq., for the petitioner.
B. U. Steele, Esq., for the respondent.
MCMAHON
This is a…
2Cases cited1 opinion
- Continental Baking Co. v. CommissionerUnited States Board of Tax Appeals · 1933