Legal Opinion
Marble & Shattuck Chair Co. v. Com'r of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided April 8, 1930No. 5529PublishedCited by 15 opinions
1Opinion of the Court
WEST, District Judge.
During the tax years in question, petitioner, was a corporation making and selling chairs; its capital stock being closely held. Up to May 21, 1920, the stock consisted of 500 shares. In February, 1920, 160 shares held by outsiders were purchased and apportioned among the three principal stockholders. Immediately afterwards the four stockholders owning practically all of the stock held meetings at which they considered and discussed their several claims for additional compensation. The president, Mr. Hills, took no active part in the conduct of the business, and received…
2Cases cited3 opinions
- Wickwire v. ReineckeSupreme Court of the United States · 1927
- Ox Fibre Brush Co. v. BlairCourt of Appeals for the Fourth Circuit · 1929
- Twin City Tile & M. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1929
3Cited by15 opinions
- Kohn v. KohnCalifornia Court of Appeal · 1950
- Long Island Drug Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1940
- Taplin v. CommissionerCourt of Appeals for the Sixth Circuit · 1930
- Doernbecher Mfg. Co. v. Commissioner of Internal Rev.Court of Appeals for the Ninth Circuit · 1935
- Boyd Construction Company, Inc. v. The United StatesUnited States Court of Claims · 1964
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