Legal Opinion
Commissioner of Internal Revenue v. Sussman
Court of Appeals for the Second Circuit
Decided April 3, 1939No. 68PublishedCited by 11 opinions
1Opinion of the Court
SWAN, Circuit Judge.
Julius L. Sussman, hereafter called ^ t owned eighteen and three. fourths cent of the capital stock of ^ of four affiliated corporations whidl, ^ ip27 goId ^ the¡r assets tQ E1 ia Iron , . , , m Steel Company for net cash of $704,774.- oc , „ ,nL , , , , 25 and 9,602 shares of the purchaser s ; , ~ , , , , , common stock. Such cash and stock were , . ... ,, , , forthwith distributed to the sellers shareholders. In such distribution the taxpayer received $132,027.67 cash and 1,800 shares of Elyria stock. In his income tax return for 1927 he reported a capital gain from this…
2Cases cited16 opinions
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
- Bankers Pocahontas Coal Co. v. BurnetSupreme Court of the United States · 1932
- Helvering v. Edison Securities CorporationCourt of Appeals for the Fourth Circuit · 1935
- Davison v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1932
- Commissioner of Internal Revenue v. RayCourt of Appeals for the Seventh Circuit · 1937
11 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- John Factor v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1960
- Skenandoa Rayon Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Estate of Mary Redding Shedd, First National Bank of Arizona, Trustee v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1963
- Estate of Stein v. CommissionerUnited States Tax Court · 1963
- Commissioner of Internal Revenue v. Erie Forge Co.Court of Appeals for the Third Circuit · 1948
6 more not listed; retrieve them via the Exa API.