Watson v. Tax Commission

The sole question before this court for consideration and decision is whether, in making the computation of the income yield of the shares of common stock of the Standard Oil Company held by the estate of Ashton G. Bean in the year 1935, the statute requires that there should be included the market value of 138 shares of common stock of the Mission Corporation which were received by the estate as a dividend on shares of common stock of the Standard Oil Company in the year 1935 in addition to the cash dividend from the same source.

Both the Court of Common Pleas and the Court of Appeals held…