Legal Opinion
Bazley v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided April 16, 1946No. 8947PublishedCited by 28 opinions
1Opinion of the Court
O’CONNELL, Circuit Judge.
This is a petition to review the decision of the Tax Court sustaining an income tax deficiency assessed against J. Robert Bazley.1
Mr. and Mrs. J. Robert Bazley owned all but one share of J. Robert Bazley, Inc. As of February 1, 1939, the corporation had accumulated an earned surplus of $855,783.-*23982. On March 16, 1939, the corporation distributed to Mr. and Mrs. Bazley and the one qualifying shareholder in amounts proportionate to their shareholdings, $400,000 in twenty year debenture bonds.2 A corresponding reduction in earned surplus was made on the books of the…
2Cases cited29 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Dobson v. CommissionerSupreme Court of the United States · 1944
- John Kelley Co. v. CommissionerSupreme Court of the United States · 1946
- Helvering v. WinmillSupreme Court of the United States · 1938
- Helvering v. GregoryCourt of Appeals for the Second Circuit · 1934
24 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Bazley v. CommissionerSupreme Court of the United States · 1947
- Lewis v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1949
- Boyle v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1951
- Elizabeth N. B. Ferro v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1957
- Survaunt v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1947
23 more not listed; retrieve them via the Exa API.