Kansas, O. & G. R. Co. v. Commissioner
United States Board of Tax Appeals
AFFILIATION - WHAT STOCK IS INCLUDED IN 100 PERCENT FROM WHICH 95 PERCENT IS MEASURED UNDER SEC. 141(d) OF REVENUE ACTS OF 1932 AND 1934. - The 100 percent includes a small number of shares for which stock trust receipts issued in 1919 were never presented in exchange for stock certificates after the trust was terminated in 1931.
1Opinion of the Court
KANSAS, OKLAHOMA AND GULF RAILWAY COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Kansas, O. & G. R. Co. v. Commissioner
Docket Nos. 93526, 93527.
United States Board of Tax Appeals
42 B.T.A. 1128; 1940 BTA LEXIS 897;
November 1, 1940, Promulgated
AFFILIATION - WHAT STOCK IS INCLUDED IN 100 PERCENT FROM WHICH 95 PERCENT IS MEASURED UNDER SEC. 141(d) OF REVENUE ACTS OF 1932 AND 1934. - The 100 percent includes a small number of shares for which stock trust receipts issued in 1919 were never presented in exchange for stock certificates after the trust was terminated in 1931.
Willi…
2Cases cited1 opinion
- Kansas, O. & G. R. Co. v. CommissionerUnited States Board of Tax Appeals · 1940