Pinellas Ice & Cold Storage Co. v. Commissioner
United States Board of Tax Appeals
Held that the petitioner sold its assets for cash paid and to be paid in the future and the transaction does not come within the reorganization provisions of the Revenue Act of 1926 relating to exchanges.
1Opinion of the Court
PINELLAS ICE & COLD STORAGE CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Pinellas Ice & Cold Storage Co. v. Commissioner
Docket No. 40636.
United States Board of Tax Appeals
21 B.T.A. 425; 1930 BTA LEXIS 1850;
November 24, 1930, Promulgated
Held that the petitioner sold its assets for cash paid and to be paid in the future and the transaction does not come within the reorganization provisions of the Revenue Act of 1926 relating to exchanges.
E. C. Lake, Esq., and A. L. Hopkins, Esq., for the petitioner.
F. R. Shearer, Esq., for the respondent.
TRAMMELL
This is a proceeding for a…
2Cases cited1 opinion
- Pinellas Ice & Cold Storage Co. v. CommissionerUnited States Board of Tax Appeals · 1930