Legal Opinion
Holmby Corporation v. Commissioner of Internal Rev.
Court of Appeals for the Ninth Circuit
Decided April 27, 1936No. 7969PublishedCited by 19 opinions
1Opinion of the Court
MATHEWS, Circuit Judge.
This petition brings here for review a decision of the Board of Tax Appeals (28 B.T.A. 1092), redetermining petitioner’s in come tax liability for the year 1926. facts are these: The.Petitioner was the owner of 49,995 shares of the capital stock of the Broadway Department Store, a corporation, hereinafter called “Broadway.” The cost basis of petitioner’s Boardway stock was $7,269,195. Broadway was disincorporated and completely liquidated in 1926. It made three distributions to its stockholders in that year. Petitioner received, in the first distribution, $2,499,750; in…
2Cases cited10 opinions
- Phillips v. CommissionerSupreme Court of the United States · 1931
- Burnet v. LeiningerSupreme Court of the United States · 1932
- Hellmich v. HellmanSupreme Court of the United States · 1928
- Commissioner of Internal Revenue v. EldridgeCourt of Appeals for the Ninth Circuit · 1935
- Gossett v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1932
5 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Herald A. O'Neill and G. Evelyn O'neill, His Wife v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1959
- Kennemer v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Aurore B. Benoit, Transferee v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1956
- Benoit v. CommissionerUnited States Tax Court · 1955
- Beretta v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1944
14 more not listed; retrieve them via the Exa API.