Legal Opinion
Houghton v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided June 18, 1934No. 367PublishedCited by 9 opinions
1Opinion of the Court
L. HAND, Circuit Judge.
This appeal comes up upon seven peti- ,. „ , x i. i n , tions of taxpayers who challenge the correctnegs 0£ assessment levied against them for alleged gains arising from the sales of preferred shares of stock in the year 1923. The facts were as follows: For long before March 1, 1913, the petitioners or their testat°rs h,ad owned shares of stock in an old mannfacturing company situated in Coming, New York, and known as the Coming Glass Works. On March 1, 1913, the shares had aB been “common” with a par of $100, and bhe “fair market value” was $371.11. In 1920 eaek of…
2Cases cited8 opinions
- Taylor v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1934
- Walter v. DuffyCourt of Appeals for the Third Circuit · 1923
- Chicago Ry. Equipment Co. v. BlairCourt of Appeals for the Seventh Circuit · 1927
- O'MEARA v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1929
- Collin v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1929
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Salvage v. CommissionerCourt of Appeals for the Second Circuit · 1935
- Scherman v. HelveringCourt of Appeals for the Second Circuit · 1935
- Strauss v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1948
- Trinity Corp. v. Commissioner of Internal Revenue.Court of Appeals for the Fifth Circuit · 1942
- Hummel-Ross Fibre Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1935
4 more not listed; retrieve them via the Exa API.