Legal Opinion
Hubert E. Howard v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided December 11, 1956No. 11807-11813_1PublishedCited by 20 opinions
1Opinion of the Court
LINDLEY, Circuit Judge.
Petitioners seek review of the determination of the Tax Court that a certain transaction in June 1950, wherein petitioners exchanged common stock in Binkley Coal Company solely for voting common stock of Truax-Traer Coal Company constituted a taxable exchange under § 112(b) (3) of the Internal Revenue Code of 1939, 26 U.S.C.A. § 112(b) (3).
Petitioners were stockholders in Binkley, an Illinois corporation engaged in the wholesale purchase and sale of coal, which had 4,615 shares of common stock outstanding. Binkley in turn, owned a majority (12,825 shares) of the common…
2Cases cited7 opinions
- Hormel v. HelveringSupreme Court of the United States · 1941
- Helvering v. Southwest Consolidated Corp.Supreme Court of the United States · 1942
- COMMISSION OF INT. REV. v. Air Reduction Co.Court of Appeals for the Second Circuit · 1942
- Miller v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1936
- Commissioner of Internal Revenue v. WasherCourt of Appeals for the Sixth Circuit · 1942
2 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Turnbow v. CommissionerSupreme Court of the United States · 1961
- Arden S. Heverly and Sophia S. Heverly v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1980
- Rolfs v. Comm'rUnited States Tax Court · 2010
- Lutkins v. United StatesUnited States Court of Claims · 1963
- Eldon S. Chapman v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1980
15 more not listed; retrieve them via the Exa API.