Legal Opinion
United Business Corporation v. Commissioner of Int. Rev.
Court of Appeals for the Second Circuit
Decided January 16, 1933No. 17PublishedCited by 87 opinions
1Opinion of the Court
L. HAND, Circuit Judge.
The petitioner is a corporation organized on April 1, 1920, to take over real property in Seattle, conveyed to it by one Smith, its sole shareholder, except for a few shares to qualify directors. During the year Smith also transferred to it a large number of shares of stock, which he had held for some time before; and still more in 1921. The Board found in view of the business of the company and of the manner of acquisition of the shares, that during the second year the income from them was allowed to accumulate in order to avoid payment by Smith of surtaxes upon the…
2Cases cited6 opinions
- Brushaber v. Union Pacific RailroadSupreme Court of the United States · 1916
- United States v. L. Cohen Grocery Co.Supreme Court of the United States · 1921
- Cooper v. United StatesSupreme Court of the United States · 1930
- Newton v. Consolidated Gas Co. of NYSupreme Court of the United States · 1924
- Alpine Forwarding Co. v. Pennsylvania R. Co.Court of Appeals for the Second Circuit · 1932
1 more not listed; retrieve them via the Exa API.
3Cited by87 opinions
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- United States v. Donruss Co.Supreme Court of the United States · 1969
- Ivan Allen Co. v. United StatesSupreme Court of the United States · 1975
- Pelton Steel Casting Co. v. CommissionerUnited States Tax Court · 1957
- Badger Materials, Inc. v. CommissionerUnited States Tax Court · 1963
82 more not listed; retrieve them via the Exa API.