Legal Opinion
G & K Mfg. Co. v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided April 2, 1935No. 3810PublishedCited by 2 opinions
1Opinion of the Court
SOPER, Circuit Judge.
The G & K Manufacturing Company seeks a review of a determination of a deficiency of $19,805.16 in its income tax for the year 1929, which the Commissioner of Internal Revenue based upon a profit involved in a transaction whereby the taxpayer sold and transferred its business and assets to the Kraft-Phenix Cheese Corporation, in consideration of $200,000 in cash and 17,250 shares of the common stock of the latter corporation. The transaction was covered by an agreement of August 23, 1929, as modified by a supplemental agreement of November '12, 1929, whereby the taxpayer…
2Cases cited9 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Cortland Specialty Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
- Prairie Oil & Gas Co. v. MotterCourt of Appeals for the Tenth Circuit · 1933
- C. H. Mead Coal Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1934
4 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Services, Inc. v. NeillIdaho Supreme Court · 1953
- Lilienthal v. COMMISSIONER OF INTERNAL REVENUECourt of Appeals for the Ninth Circuit · 1935