Haskell v. Commissioner
United States Board of Tax Appeals
A corporate distribution in liquidation was made to the petitioner in the taxable year. Held on the facts, that it was not made in complete liquidation of the corporation under section 115(c), Revenue Act of 1936, since not made in accordance with a plan specifying completion of liquidation within two years from the close of the year; held, further, that the corporate resolutions in later years did not effect, in the taxable year, a specification of the time limitation.
1Opinion of the Court
AMORY L. HASKELL, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Haskell v. Commissioner
Docket No. 103967.
United States Board of Tax Appeals
46 B.T.A. 164; 1942 BTA LEXIS 892;
January 27, 1942, Promulgated
A corporate distribution in liquidation was made to the petitioner in the taxable year. Held on the facts, that it was not made in complete liquidation of the corporation under section 115(c), Revenue Act of 1936, since not made in accordance with a plan specifying completion of liquidation within two years from the close of the year; held, further, that the corporate resolutions…
2Cases cited1 opinion
- Haskell v. CommissionerUnited States Board of Tax Appeals · 1942