Bowersock Mills & Power Co. v. Commissioner
United States Tax Court
Held, that certain obligations of the petitioner constituted preferred stock rather than indebtedness and that the amount accruing and paid on such obligations during the taxable year constituted the distribution of a dividend on preferred stock.
1Opinion of the Court
The Bowersock Mills & Power Co. v. Commissioner.
Bowersock Mills & Power Co. v. Commissioner
Docket No. 9186.
United States Tax Court
1947 Tax Ct. Memo LEXIS 59; 6 T.C.M. (CCH) 1106; T.C.M. (RIA) 47290;
October 16, 1947
Held, that certain obligations of the petitioner constituted preferred stock rather than indebtedness and that the amount accruing and paid on such obligations during the taxable year constituted the distribution of a dividend on preferred stock.
John G. Madden, Esq., and James E. Burke, Esq., for the petitioner. George E. Gibson, Esq., for the respondent.
TYSON
Memorandum Findings of…
2Cases cited7 opinions
- Northern Refrigerator Line, Inc. v. CommissionerUnited States Tax Court · 1943
- Ticker Publishing Co. v. CommissionerUnited States Board of Tax Appeals · 1942
- Verifine Dairy Products Corp. of Sheboygan v. CommissionerUnited States Tax Court · 1944
- Golden Belt Lumber Co. v. CommissionerUnited States Tax Court · 1943
- Brush-Moore Newspapers, Inc. v. CommissionerUnited States Board of Tax Appeals · 1938
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