Legal Opinion
Rule v. Commissioner
Court of Appeals for the Tenth Circuit
Decided April 30, 1942No. 2458PublishedCited by 4 opinions
1Opinion of the Court
PHILLIPS, Circuit Judge.
This is a petition to review a decision of the Board of Tax Appeals. ■
The Golden Rule Oil Company,1 a corporation organized under the laws of Kansas, was engaged in the operation of a chain of filling stations. It had an authorized and outstanding capital stock of 4,500 shares of the par value of $100 per share. Elbert S. Rule was its president and majority stockholder. In 1936, he turned into the corporation 1,530 shares which the corporation thereafter held as treasury stock until it was retired in February, 1938. He retained 1,820 shares represented by certificates,…
2Cases cited9 opinions
- Helvering v. RankinSupreme Court of the United States · 1935
- Richardson v. ShawSupreme Court of the United States · 1908
- Gorman v. LittlefieldSupreme Court of the United States · 1913
- Johnston v. LaflinSupreme Court of the United States · 1881
- Duel v. HollinsSupreme Court of the United States · 1916
4 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Kluger Associates, Inc. v. CommissionerCourt of Appeals for the Second Circuit · 1980
- Feldheim v. Plaquemines Oil and Development Co.Supreme Court of Louisiana · 1973
- Arrott v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1943
- Kluger Associates, Inc. v. Commissioner of Internal Revenue, Kluger, Inc. v. Commissioner of Internal Revenue, David and Bertha Kluger v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1980