Legal Opinion
General American Investors Co., Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided March 9, 1954No. 22718_1PublishedCited by 9 opinions
1Opinion of the Court
MEDINA, Circuit Judge.
The appeal in this case involves a deficiency in income tax for the calendar year 1948 in the amount of $57,-922.55. In compliance with Section 30 (f) of the Investment Company Act of 1940, 15 U.S.C.A. § 80a-29, and Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78p(b), a director, and a stockholder owning more than 10% of the outstanding warrants for the purchase of petitioner’s stock, who had realized profits in the respective sums of $81,092.33 and $129,362.95, paid these sums into the treasury of petitioner, as they were so-called “short-swing…
2Cases cited9 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Rutkin v. United StatesSupreme Court of the United States · 1952
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
4 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- General American Investors Co. v. CommissionerSupreme Court of the United States · 1955
- Commissioner of Internal Revenue v. Glenshaw Glass Co. Commissioner of Internal Revenue v. William Goldman Theatres, IncCourt of Appeals for the Third Circuit · 1954
- Commissioner of Internal Revenue v. Obear-Nester Glass CompanyCourt of Appeals for the Seventh Circuit · 1954
- Concord Village, Inc. v. CommissionerUnited States Tax Court · 1975
- Cardinal Corp. v. CommissionerUnited States Tax Court · 1969
4 more not listed; retrieve them via the Exa API.