Legal Opinion
H. C. Jones, Individually and as a Former Collector of Internal Revenue v. John Toole Griffin
Court of Appeals for the Tenth Circuit
Decided November 15, 1954No. 4681PublishedCited by 27 opinions
1Opinion of the Court
BRATTON, Circuit Judge.
The question of major importance presented on this appeal is whether the sum of $2,000 received' from a corporation in redemption of certain shares of preferred stock was taxable to the recipient thereof on the basis of being essentially the equivalent of a taxable dividend by the corporation.
Koma, Inc., hereinafter referred to as the corporation, had issued an outstanding common stock and preferred stock. In 1946, the board of directors of the corporation adopted a resolution that all of the outstanding preferred stock should be redeemed. John Toole Griffin,…
2Cases cited22 opinions
- Flanagan v. HelveringCourt of Appeals for the D.C. Circuit · 1940
- Boyle v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1951
- Brigham Young University v. LillywhiteCourt of Appeals for the Tenth Circuit · 1941
- Keefe, Collector v. CoteCourt of Appeals for the First Circuit · 1954
- Loew's, Inc. v. Cinema Amusements, Inc.Court of Appeals for the Tenth Circuit · 1954
17 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- United States v. John H. FewellCourt of Appeals for the Fifth Circuit · 1958
- Bullock v. CommissionerUnited States Tax Court · 1956
- Charles P. Ballenger, Jr., and Myrtle S. Ballenger v. United StatesCourt of Appeals for the Fourth Circuit · 1962
- Thomas Kerr and Barbara Kerr v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1964
- Northup v. United StatesCourt of Appeals for the Second Circuit · 1957
22 more not listed; retrieve them via the Exa API.