Bessemer Limestone & Cement Co. v. Commissioner
United States Tax Court
Held, the reorganization here in question meets the requirement of section 112 (b) (5) of the Revenue Act of 1934 that the stock and securities received by each transferor be substantially in proportion to his interest in the property prior to the exchange.
1Opinion of the Court
The Bessemer Limestone and Cement Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Bessemer Limestone & Cement Co. v. Commissioner
Docket No. 21667
United States Tax Court
22 T.C. 303; 1954 U.S. Tax Ct. LEXIS 209;
May 14, 1954, Filed May 14, 1954, Filed
Held, the reorganization here in question meets the requirement of section 112 (b) (5) of the Revenue Act of 1934 that the stock and securities received by each transferor be substantially in proportion to his interest in the property prior to the exchange.
Aaron Holman, Esq., and I. Newton Brozan, Esq., for the petitioner.
Stanley…
2Cases cited15 opinions
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- Northern Pacific Railway Co. v. BoydSupreme Court of the United States · 1913
- Consolidated Rock Products Co. v. Du BoisSupreme Court of the United States · 1941
- Claridge Apartments Co. v. CommissionerSupreme Court of the United States · 1944
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