Legal Opinion
E. R. Squibb & Sons v. Helvering
Court of Appeals for the Second Circuit
Decided July 12, 1938No. 233PublishedCited by 20 opinions
1Opinion of the Court
L. HAND, Circuit Judge.
This appeal is from an order, assessing a deficiency on the taxpayer’s income tax return for the year 1932. The taxpayer is a large manufacturer of drugs and other chemicals, which in the year 1929 devised a plan tp allow its customers to share in its profits. They were to take stock in a corporation organized by the taxpayer under the name of Squibb Plan, Inc., whose assets were to consist of shares of stock of the taxpayer, bought by it and sold to Squibb Plan, Inc. at $50 a share — a price below its market value at the time, but higher than in 1932. The taxpayer, as…
2Cases cited12 opinions
- Brewster v. GageSupreme Court of the United States · 1930
- Poe v. SeabornSupreme Court of the United States · 1930
- Koshland v. HelveringSupreme Court of the United States · 1936
- McFeely v. CommissionerSupreme Court of the United States · 1935
- McCaughn v. Hershey Chocolate Co.Supreme Court of the United States · 1931
7 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- Kirschenbaum v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1946
- COMMISSION OF INT. REV. v. Air Reduction Co.Court of Appeals for the Second Circuit · 1942
- Helvering v. Edison Bros. Stores, Inc.Court of Appeals for the Eighth Circuit · 1943
- United States v. BronsonCourt of Appeals for the Second Circuit · 1944
15 more not listed; retrieve them via the Exa API.