Trianon Hotel Co. v. Commissioner
United States Tax Court
Trianon Hotel Company acquired all of the outstanding stock of the Allis Hotel Corporation and liquidated the latter corporation about a year later, thereby acquiring the liquidated corporation's assets. Trianon distributed $ 2,342,925 in cash and notes to the shareholders of Allis Corporation in acquiring their stock.
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Trianon Hotel Company acquired all of the outstanding stock of the Allis Hotel Corporation and liquidated the latter corporation about a year later, thereby acquiring the liquidated corporation's assets. Trianon distributed $ 2,342,925 in cash and notes to the shareholders of Allis Corporation in acquiring their stock. Allis, Shanberg, and Woolf, on the date of the transfer of their Allis Corporation stock to Trianon, together owned approximately 82.57 per cent of the outstanding stock of Allis Corporation, and approximately 79.11 per cent of the outstanding stock of Trianon. Amounts…
1Opinion of the Court
Trianon Hotel Company, Petitioner, et al., 1 v. Commissioner of Internal Revenue, Respondent
Trianon Hotel Co. v. Commissioner
Docket Nos. 60338, 60339, 60341, 63700
United States Tax Court
30 T.C. 156; 1958 U.S. Tax Ct. LEXIS 201;
April 30, 1958, Filed
In Docket Nos. 60338, 60341, and 63700, decisions will be entered under Rule 50.
In Docket No. 60339, decision will be entered for petitioner.
Trianon Hotel Company acquired all of the outstanding stock of the Allis Hotel Corporation and liquidated the latter corporation about a year later, thereby acquiring the liquidated corporation's assets.…
2Cases cited14 opinions
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- Kimbell-Diamond Milling Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
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- Kanawha Gas & Utilities Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1954
- Koppers Coal Co. v. CommissionerUnited States Tax Court · 1946
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