Interlochen Co. v. Commissioner
United States Tax Court
Basis of stock acquired by petitioner from the father of its principal stockholders held, on the facts and in the absence of other evidence, to be the basis determined by respondent, whether acquired by purchase, by contribution to capital, or by gift. James E. Caldwell & Co., 24 T. C. 597, followed.
1Opinion of the Court
Interlochen Company, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Interlochen Co. v. Commissioner
Docket No. 49618
United States Tax Court
24 T.C. 1000; 1955 U.S. Tax Ct. LEXIS 104;
September 15, 1955, Filed
Decision will be entered for the respondent.
Basis of stock acquired by petitioner from the father of its principal stockholders held, on the facts and in the absence of other evidence, to be the basis determined by respondent, whether acquired by purchase, by contribution to capital, or by gift. James E. Caldwell & Co., 24 T. C. 597, followed.
Bennette E. Geer, Jr., Esq.,…
2Cases cited5 opinions
- Orange Securities Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1942
- James E. Caldwell & Co. v. CommissionerUnited States Tax Court · 1955
- Fahs v. Florida MacHine & Foundry Co.Court of Appeals for the Fifth Circuit · 1948
- Madeira v. CommissionerCourt of Appeals for the Third Circuit · 1938
- Interlochen Co. v. CommissionerUnited States Tax Court · 1955