Gregg Co. v. Commissioner
United States Board of Tax Appeals
A meeting of the petitioner's board of directors was held, at which three of the five members were present. The other two were not notified of the meeting prior thereto. The declaration of a dividend at the above meeting served to reduce surplus for invested capital purposes.
1Opinion of the Court
THE GREGG COMPANY, LTD., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Gregg Co. v. Commissioner
Docket Nos. 4648, 9923.
United States Board of Tax Appeals
25 B.T.A. 81; 1932 BTA LEXIS 1580;
January 7, 1932, Promulgated
A meeting of the petitioner's board of directors was held, at which three of the five members were present. The other two were not notified of the meeting prior thereto. The declaration of a dividend at the above meeting served to reduce surplus for invested capital purposes.
Richard E. Dwight, Esq., for the petitioner.
Harold Allen, Esq., for the respondent.
MURDOCK
The…
2Cases cited2 opinions
- Heirs of Searcy v. ReardonCourt of Appeals of Kentucky · 1816
- Gregg Co. v. CommissionerUnited States Board of Tax Appeals · 1932