Robinson v. Commissioner

opinion.

Trammell:

This is a proceeding for the redetermination of a deficiency in income tax for 1929 in the amount of $8,753.61. The question involved is whether the petitioner received an ordinary dividend in the taxable year as the result of the corporation, of which he was a stockholder, purchasing a portion of a stock dividend theretofore issued.

The petitioner is an individual, residing in Atlanta, Georgia.

On January 15, 1929, the petitioner was the owner of 5,300 shares of common stock of the Coca-Cola Company, a Delaware corpora*1019tion. On January 15, 1S29, the Coca-Cola Company declared a…