Souther v. Commissioner
United States Board of Tax Appeals
1. In 1930 the properties of Managers, a corporation, consisted of common stock in Motors Securities, a second corporation, common stock in General Motors Corporation, notes receivable, and cash. Motors Securities, whose properties consisted principally of common stock in General Motors Corporation, authorized a new issue of stock known as class A stock.
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1. In 1930 the properties of Managers, a corporation, consisted of common stock in Motors Securities, a second corporation, common stock in General Motors Corporation, notes receivable, and cash. Motors Securities, whose properties consisted principally of common stock in General Motors Corporation, authorized a new issue of stock known as class A stock. The new stock had voting rights and back of it on the books of the company was a class A asset account containing an equal number of shares of common stock in General Motors Corporation, with respect to which there was set up a special…
1Opinion of the Court
CHESTER A. SOUTHER AND MRS. CHESTER A. SOUTHER, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
JOHN BROOK JACKSON AND ALICE F. JACKSON, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
RICHARD H. GRANT, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Souther v. Commissioner
Docket Nos. 80485, 91700, 91701.
United States Board of Tax Appeals
39 B.T.A. 197; 1939 BTA LEXIS 1055;
January 25, 1939, Promulgated
1. In 1930 the properties of Managers, a corporation, consisted of common stock in Motors Securities, a second corporation, common stock in General Motors…
2Cases cited13 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Brushaber v. Union Pacific RailroadSupreme Court of the United States · 1916
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
- Cortland Specialty Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
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