Legal Opinion
The Shaw-Walker Company, a Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided February 13, 1968No. 17268_1PublishedCited by 9 opinions
1Opinion of the Court
PHILLIPS, Circuit Judge.
The taxpayer, the Shaw-Walker Company, seeks review of a decision of the Tax Court finding a deficiency of $1,580,-366.50 for the taxable years 1955, 1956 and 1957 in accumulated earnings tax under Section 531, Internal Revenue Code of 1954, 26 U.S.C. § 531. 1
The Tax Court agreed with the Commissioner in holding that Shaw-Walker had accumulated earnings to such an extent in prior years that failure of the corporation to distribute all of its current earnings as dividends during the three taxable years in question subjected it to liability for accumulated earnings tax…
2Cases cited24 opinions
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- Dixie, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1960
- The Smoot Sand & Gravel Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1957
- Pelton Steel Casting Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1958
- Bremerton Sun Publishing Co. v. CommissionerUnited States Tax Court · 1965
19 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- United States v. Donruss Co.Supreme Court of the United States · 1969
- Catherine Wilson Nolen, on Behalf of Herself and All Other Stockholders of the Shaw-Walker Company v. The Shaw-Walker CompanyCourt of Appeals for the Sixth Circuit · 1971
- J.H. Rutter Rex Mfg. Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1988
- Novelart Manufacturing Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1970
- The Shaw-Walker Company, a Corporation, Appellant-Petitioner v. Commissioner of Internal Revenue, Appellee-RespondentCourt of Appeals for the Sixth Circuit · 1969
4 more not listed; retrieve them via the Exa API.