Legal Opinion
Commissioner of Internal Revenue v. Shattuck
Court of Appeals for the Seventh Circuit
Decided July 5, 1938No. 6539PublishedCited by 17 opinions
1Opinion of the Court
MAJOR, Circuit Judge.
This is a petition for review of a decision of the Board of Tax Appeals entered July 2, 1937, which involves a deficiency in gift taxes in the amount of $11,325.
Respondent, a resident of Neenah, Wisconsin, on August 4, 1934, made five gifts of 6000 shares each of the common stock of Kimberly-Clark Corporation of Neenah, Wisconsin. On the same date, he made five gifts of 2000 shares each of the common stock of International Cellucotton Products Company. Respondent returned the Kimberly-Clark stock at a value of $10.25 per share and the International’ stock at a value of…
2Cases cited4 opinions
- Manhattan General Equipment Co. v. Commissioner of Internal RevenueSupreme Court of the United States · 1936
- Heiner v. DonnanSupreme Court of the United States · 1932
- Helvering v. Safe Deposit & Trust Co. of BaltimoreCourt of Appeals for the Fourth Circuit · 1938
- Helvering v. KimberlyCourt of Appeals for the Fourth Circuit · 1938
3Cited by17 opinions
- Dodge Brothers v. United StatesCourt of Appeals for the Fourth Circuit · 1941
- Helvering v. MaytagCourt of Appeals for the Eighth Circuit · 1942
- Phipps v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1942
- Estate of Ridgely v. United StatesUnited States Court of Claims · 1967
- Rushton v. CommissionerCourt of Appeals for the Fifth Circuit · 1974
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