Metcalf v. Commissioner
United States Board of Tax Appeals
A corporation in which petitioner was a stockholder issued rights to subscribe to stock of another corporation. Held, the rights so received by petitioner constitute taxable dividends.
1Opinion of the Court
ESTATE OF EDWIN D. METCALF, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Metcalf v. Commissioner
Docket No. 13348.
United States Board of Tax Appeals
13 B.T.A. 236; 1928 BTA LEXIS 3290;
August 6, 1928, Promulgated
A corporation in which petitioner was a stockholder issued rights to subscribe to stock of another corporation. Held, the rights so received by petitioner constitute taxable dividends.
Ralph Royall, Esq., for the petitioner.
Frank S. Easby-Smith, Esq., for the respondent.
ARUNDELL
Deficiency in income tax for the calendar year 1921 in the amount of $8,010.71. The deficiency…
2Cases cited2 opinions
- Estate of Metcalf v. CommissionerUnited States Board of Tax Appeals · 1928
- Metcalf v. CommissionerUnited States Board of Tax Appeals · 1928