Meyer's Estate v. Commissioner of Internal Revenue. (Three Cases)

RIVES, Circuit Judge.

These consolidated petitions for review involve income taxes for the year 1944, and the controversy arises out of the liquidation in 1944 of Meyer- Hotel Interests, Inc. (sometimes referred to as Meyer, Inc.), the surviving corporation in the merger in 1941 of a corporation of the same name with Commonwealth Hotel Finance Corporation (sometimes referred to as Commonwealth).

On and for sometime prior to July 1, 1929, Robert R. Meyer was the dominant stockholder in eight hotel owning, leasing or operating companies. The shares of stock not owned by him were held by persons…