Lawton v. Commissioner
United States Tax Court
1. Held, respondent erred in determination of good will as a factor in liquidation of a corporation. 2. Respondent's determination that petitioner did not make bona fide gifts of stock sustained for lack of proof. 3. Held, during the taxable years a bona fide partnership, composed of petitioner, his two adult sons, and another, existed in respect of a tool-manufacturing business, where petitioner contributed capital and services and the others contributed services…
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1. Held, respondent erred in determination of good will as a factor in liquidation of a corporation. 2. Respondent's determination that petitioner did not make bona fide gifts of stock sustained for lack of proof. 3. Held, during the taxable years a bona fide partnership, composed of petitioner, his two adult sons, and another, existed in respect of a tool-manufacturing business, where petitioner contributed capital and services and the others contributed services constituting a substantial factor in the production of the income; held, further, the partnership is not recognized as to…
1Opinion of the Court
Howard B. Lawton, Petitioner, et al., 1 v. Commissioner of Internal Revenue, Respondent
Lawton v. Commissioner
Docket Nos. 5592, 5620, 5621, 5622, 5623, 5624
United States Tax Court
6 T.C. 1093; 1946 U.S. Tax Ct. LEXIS 187;
May 21, 1946, Promulgated
Decisions will be entered under Rule 50.
1. Held, respondent erred in determination of good will as a factor in liquidation of a corporation.
2. Respondent's determination that petitioner did not make bona fide gifts of stock sustained for lack of proof.
3. Held, during the taxable years a bona fide partnership, composed of petitioner, his two adult sons,…
2Cases cited6 opinions
- Commissioner v. TowerSupreme Court of the United States · 1946
- Lusthaus v. CommissionerSupreme Court of the United States · 1946
- Meehan v. ValentineSupreme Court of the United States · 1892
- MacDonald v. CommissionerUnited States Tax Court · 1944
- Lawton v. CommissionerUnited States Tax Court · 1946
1 more not listed; retrieve them via the Exa API.