General Utils. & Operating Co. v. Commissioner
United States Board of Tax Appeals
A dividend declared by petitioner corporation, payable in stock of another corporation and so paid, did not give rise to taxable gain.
1Opinion of the Court
GENERAL UTILITIES & OPERATING COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
General Utils. & Operating Co. v. Commissioner
Docket No. 52770.
United States Board of Tax Appeals
29 B.T.A. 934; 1934 BTA LEXIS 1452;
January 30, 1934, Promulgated
A dividend declared by petitioner corporation, payable in stock of another corporation and so paid, did not give rise to taxable gain.
R. Kemp Slaughter, Esq., Hugh C. Bickford, Esq., and Joseph A. Slattery, Esq., for the petitioner.
William E. Davis, Esq., and Paul E. Warning, Esq., for the respondent.
ARUNDELL
The respondent has determined…
2Cases cited1 opinion
- General Utils. & Operating Co. v. CommissionerUnited States Board of Tax Appeals · 1934