Legal Opinion
United States v. C. C. Clark, Inc.
Court of Appeals for the Fifth Circuit
Decided January 23, 1947No. 11789PublishedCited by 17 opinions
1Opinion of the Court
HOLMES, Circuit Judge.
This appeal involves income taxes for 1937 under the Revenue Act of 1936.1 The essential facts, as stipulated by the parties and found by the trial court, are as follows :
In December, 1937, the taxpayer declared a dividend to its stockholders in the amount of $118,500, payable in its own notes out of undistributed profits. A few months thereafter, in early 1938, the taxpayer cancelled this dividend ahd declared as a substitute therefor a cash dividend of $88,500, which was paid. During the tax year in question, the sum of $30,000 was paid by taxpayer to two of its…
2Cases cited7 opinions
- Lewis v. ReynoldsSupreme Court of the United States · 1932
- Guettel v. United StatesCourt of Appeals for the Eighth Circuit · 1938
- Cleveland v. HigginsCourt of Appeals for the Second Circuit · 1945
- Barry v. HallCourt of Appeals for the D.C. Circuit · 1938
- International Curtis Marine Turbine Co. v. United StatesUnited States Court of Claims · 1932
2 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Standard Lime and Cement Company (Formerly Known as the Standard Lime and Stone Company) v. The United StatesUnited States Court of Claims · 1964
- State v. Airesearch Mfg. Co.Arizona Supreme Court · 1949
- Estate of L. C. Hunt, Deceased v. United StatesCourt of Appeals for the Fifth Circuit · 1962
- John Wanamaker Philadlephia, Inc. v. United StatesUnited States Court of Claims · 1966
- Crocker v. United StatesDistrict Court, N.D. Mississippi · 1971
12 more not listed; retrieve them via the Exa API.