Dolese & Shepherd Co. v. Commissioner
United States Board of Tax Appeals
The petitioner was created under a syndicate agreement by the stockholders of a corporation for the purpose of acquiring and selling certain securities held by the corporation and liquidating the corporation's indebtedness, for which such securities were pledged. Held, that the petitioner was not an association taxable as a corporation.
1Opinion of the Court
COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Dolese & Shepherd Co. v. Commissioner
Docket No. 41136.
United States Board of Tax Appeals
30 B.T.A. 1171; 1934 BTA LEXIS 1210;
July 13, 1934, Promulgated
The petitioner was created under a syndicate agreement by the stockholders of a corporation for the purpose of acquiring and selling certain securities held by the corporation and liquidating the corporation's indebtedness, for which such securities were pledged. Held, that the petitioner was not an association taxable as a corporation.
Merritt C. Bragdon, Jr., Esq., for the petitioner.
Elden McFarland,…
2Cases cited1 opinion
- Dolese & Shepherd Co. v. CommissionerUnited States Board of Tax Appeals · 1934