Legal Opinion
Plaut v. Munford
Court of Appeals for the Second Circuit
Decided April 23, 1951No. 134, Docket 21695PublishedCited by 12 opinions
1Opinion of the Court
AUGUSTUS N. HAND, Circuit Judge.
In 1938 the plaintiff sold 15,700 shares of common stock of Lehn & Fink Products Corp. for $138,836.50. These shares represented, after stock split-ups and dividends, 600 shares of Lehn & Fink that he had inherited by specific bequest under the will of his father who had died on June 17, 1915. In his income tax return for 1938, when computing his capital gain on the sale of the 15,700 shares, the plaintiff reported $247.75 as the fair market value in 19Í5 of each of the 600 shares which he had inherited. This was the value fixed by the Surrogate of New York…
2Cases cited5 opinions
- Mahler v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Williams v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1930
- Rogers v. HelveringCourt of Appeals for the Second Circuit · 1939
- Bryant v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1935
- White & Wells Co. v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1931
3Cited by12 opinions
- President of the Manhattan Co. v. ArmourSupreme Court of New Jersey · 1953
- Estate of J. E. O'connell, James O'COnnell v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1981
- Central Trust Co. v. United StatesUnited States Court of Claims · 1962
- Northwest Greyhound Lines, Inc. v. McCornackWashington Supreme Court · 1952
- Janis v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 2006
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