Legal Opinion
Doneghy v. Alexander
Court of Appeals for the Tenth Circuit
Decided March 6, 1941No. Nos. 2157 and 2158PublishedCited by 10 opinions
1Opinion of the Court
BRATTON, Circuit Judge.
These cases involve the income tax liability of J. C. Doneghy for the year 1930. Doneghy Investment Company was a corporation organized in 1904 for the purpose of dealing in lands and interests in lands in the Indian Territory. Its authorized capital stock was $100,000 divided into' 4000 shares of the par value of $25.00 each. Doneghy paid $51,000 in cash and acquired 2040 shares. Others paid $29,000 and acquired 1160 shares. Doneghy thus owned 51/80 or 63% per cent of the stock issued; the others owned 29/80 or 36% per cent; and no further or additional stock was ever…
2Cases cited5 opinions
- R. H. Stearns Co. v. United StatesSupreme Court of the United States · 1934
- Alamo Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Commissioner of Internal Revenue v. FarrenCourt of Appeals for the Tenth Circuit · 1936
- Olson v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1933
- Sutton v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1938
3Cited by10 opinions
- Orange Securities Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1942
- Continental Oil Co. v. JonesCourt of Appeals for the Tenth Circuit · 1949
- Bennet v. HelveringCourt of Appeals for the Second Circuit · 1943
- Estate of Letts v. CommissionerUnited States Tax Court · 1997
- Ryan v. AlexanderCourt of Appeals for the Tenth Circuit · 1941
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