University Chevrolet Co. v. Commissioner
United States Tax Court
Deduction -- Compensation -- Section 23 (a) (1) (A). -- The amount characterized as compensation under a bonus-stock purchasing arrangement adopted by General Motors to obtain and establish dealers is not determinative of reasonable compensation of the same officer after he becomes owner of all of the stock.
1Opinion of the Court
University Chevrolet Company, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
University Chevrolet Co. v. Commissioner
Docket No. 27672
United States Tax Court
16 T.C. 1452; 1951 U.S. Tax Ct. LEXIS 137;
June 29, 1951, Promulgated
Decision will be entered for the respondent.
Deduction -- Compensation -- Section 23 (a) (1) (A). -- The amount characterized as compensation under a bonus-stock purchasing arrangement adopted by General Motors to obtain and establish dealers is not determinative of reasonable compensation of the same officer after he becomes owner of all of the stock.
Frede…
2Cases cited1 opinion
- University Chevrolet Co. v. CommissionerUnited States Tax Court · 1951