Legal Opinion
Lafayette-South Side Bank v. Commissioner
District Court, District of Columbia
Decided June 3, 1929No. 4762PublishedCited by 4 opinions
1Opinion of the Court
MARTIN, Chief Justice.
This appeal is taken by the taxpayer from a deficiency determination as to income and profits taxes of appellant for the years 1919 and 1920, made by the Commissioner of Internal Revenue and affirmed by the Board of Tax Appeals. 7 B. T. A. 1307.
The issues relate to a transaction whereby two established state banks of St. Louis, Mo., namely, the Lafayette Bank and the South Side Bank, were amalgamated into a new state bank -named the Lafayette-South Side Bank.
The Lafayette Bank had capital stock outstanding to the amount of $200,000, while the South Side Bank had $500,000…
2Cases cited1 opinion
- Baker & Taylor Co. v. United StatesCourt of Appeals for the Second Circuit · 1928
3Cited by4 opinions
- United States v. CLEVELAND, P. & ER CO.Court of Appeals for the Sixth Circuit · 1930
- BF Sturtevant Co. v. Commissioner of Internal Rev.Court of Appeals for the First Circuit · 1935
- Strong Pub. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1932
- BF Sturtevant Co. v. Commissioner of Internal Rev.Court of Appeals for the First Circuit · 1935