Legal Opinion
Big Lake Oil Co. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided February 18, 1938No. 6449PublishedCited by 3 opinions
1Opinion of the Court
THOMPSON, Circuit Judge.
This is a petition for review of a decision of the Board of Tax Appeals determining a deficiency in the petitioner’s income tax for 1927. The issue is whether the amount of $598,571.01, the agreed fair market value of certain shares of common stock received by the petitioner, should be included in the petitioner’s taxable income for 1927. The determination of this issue is dependent upon whether the shares were received by the petitioner in 1927 or in some prior year.
*574The shares of stock were acquired by the petitioner under the following circumstances: The petitioner…
2Cases cited3 opinions
- United States v. Safety Car Heating & Lighting Co.Supreme Court of the United States · 1936
- Stoner v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1935
- Taylor v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1937
3Cited by3 opinions
- Gray v. CommissionerCourt of Appeals for the Ninth Circuit · 1977
- John D. Gray v. Commissioner Of Internal RevenueCourt of Appeals for the First Circuit · 1977
- Marts, Inc. v. CommissionerUnited States Tax Court · 1960