Legal Opinion
Oreste Casale v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided September 5, 1957No. 373, Docket 24476PublishedCited by 13 opinions
1Opinion of the Court
HINCKS, Circuit Judge.
This is a petition by the taxpayer for review of a decision of the Tax Court which affirmed the Commissioner’s determination that an annual premium paid by O. Casale, Inc. (hereinafter called the Corporation) on a policy on the life of the taxpayer was a distribution to him of a taxable dividend in the year of its payment under Section 115(a) of the 1939 Code, 26 U.S.C.A. § 115(a).
The facts, which were stipulated, were fully stated in the Tax Court opinion from which the following summary is drawn.
During the taxable year, viz., 1950, petitioner was the president and…
2Cases cited7 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Pepper v. LittonSupreme Court of the United States · 1939
- Higgins v. SmithSupreme Court of the United States · 1940
- Paramount-Richards Theatres, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1946
- Lincoln Nat. Life Ins. Co. v. ScalesCourt of Appeals for the Fifth Circuit · 1933
2 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Essenfeld v. CommissionerUnited States Tax Court · 1961
- Henry E. Prunier v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1957
- Centre v. CommissionerUnited States Tax Court · 1970
- Estate of Levy v. CommissionerUnited States Tax Court · 1978
- Sanders v. FoxCourt of Appeals for the Tenth Circuit · 1958
8 more not listed; retrieve them via the Exa API.