Louisiana Irrigation & Mill Co. v. Commissioner
United States Tax Court
Held, a corporation did not realize taxable income by distributing as a dividend to its stockholders a portion of its rice inventory having a value in excess of cost.
1Opinion of the Court
Louisiana Irrigation and Mill Company v. Commissioner.
Louisiana Irrigation & Mill Co. v. Commissioner
Docket No. 49776.
United States Tax Court
T.C. Memo 1955-320; 1955 Tax Ct. Memo LEXIS 23; 14 T.C.M. (CCH) 1252; T.C.M. (RIA) 55320;
November 30, 1955
Held, a corporation did not realize taxable income by distributing as a dividend to its stockholders a portion of its rice inventory having a value in excess of cost.
Martin M. Lore, Esq., 107 William Street, New York, N. Y., for the petitioner. S. Jarvin Levison, Esq., for the respondent.
BRUCE
Memorandum Findings of Fact and Opinion
BRUCE, Judge:…
2Cases cited7 opinions
- Helvering v. HorstSupreme Court of the United States · 1940
- General Utilities & Operating Co. v. HelveringSupreme Court of the United States · 1935
- Acampo Winery & Distilleries, Inc. v. CommissionerUnited States Tax Court · 1946
- National Carbon Co. v. CommissionerUnited States Tax Court · 1943
- Young v. CommissionerUnited States Tax Court · 1945
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