Legal Opinion
Sawtell v. Commissioner of Internal Revenue
Court of Appeals for the First Circuit
Decided March 6, 1936No. 20-1009PublishedCited by 15 opinions
1Opinion of the Court
MORTON, Circuit Judge.
The question is whether the petitioner, Mrs. Sawtell, was properly taxed on the gain on a sale of certain shares of stock which at the time when the sale was made were owned by trustees. The Commissioner held that the gain was income taxable to her, and the Board of Tax Appeals affirmed his decision.
In April, 1930, the petitioner owned 600 shares of the capital stock of the Charlestown Gas & Electric Company represented by voting trust certificates. The stock had been given to her by her husband during the preceding month. After it had become known that the shares were…
2Cases cited6 opinions
- United States v. MerriamSupreme Court of the United States · 1923
- Bullen v. WisconsinSupreme Court of the United States · 1916
- Jones v. HelveringCourt of Appeals for the D.C. Circuit · 1934
- Reinecke v. GardnerSupreme Court of the United States · 1928
- Bassett v. CommissionerUnited States Board of Tax Appeals · 1935
1 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Benjamin D. And Madeline Prentice Gilbert v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
- Johnson v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1936
- Granite Trust Company v. United StatesCourt of Appeals for the First Circuit · 1956
- Textron Inc. v. Commissioner of IRSCourt of Appeals for the First Circuit · 2003
- Commissioner of Internal Revenue v. BettsCourt of Appeals for the Seventh Circuit · 1941
10 more not listed; retrieve them via the Exa API.