Legal Opinion
Tuttle v. United States
United States Court of Claims
Decided December 4, 1951No. 49300PublishedCited by 14 opinions
1Opinion of the Court
MADDEN, Judge.
This is a suit for refund of income taxes paid by the plaintiff. It involves two transactions which will be discussed separately.
The Weber Oil Company Transaction
On September 30, 1941, the plaintiff owned, and had owned for several years, 150 shares of stock of the Weber Oil Company, a corporation. On that day he and all the other stockholders of that company sold their stock to The Ohio Oil Company. There were, in all, 3,125 shares of such stock. The consideration for the sale of all the stock was $1,500,000 in cash; $1,000,000 to be paid within twelve months; an “oil payment’’…
2Cases cited6 opinions
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Anderson v. AbbottSupreme Court of the United States · 1944
- FIRST NAT. BANK IN WICHITA v. Commissioner of Int. Rev.Court of Appeals for the Tenth Circuit · 1931
- Porter v. CommissionerUnited States Board of Tax Appeals · 1940
- Haynes v. United StatesUnited States Court of Claims · 1943
1 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- California and Hawaiian Sugar Refining Corporation, Limited v. The United StatesUnited States Court of Claims · 1962
- Warren v. United StatesUnited States Court of Claims · 1959
- Grinnell Corporation v. The United StatesUnited States Court of Claims · 1968
- Commissioner of Internal Revenue v. Adam, Meldrum & Anderson Co., IncCourt of Appeals for the Second Circuit · 1954
- Murphy v. CommissionerUnited States Tax Court · 1954
9 more not listed; retrieve them via the Exa API.