Coxe v. Handy

MARIS, Circuit Judge.

This is an appeal by the plaintiff from a judgment against her in the District Court for the District of Delaware in a suit brought for the recovery of income tax alleged to have been erroneously exacted from her by the defendant.

Immediately prior to July 1, 1929 plaintiff was the owner of slightly more than 80% of' the preferred stock and all of the common voting stock of Bellevue, Inc., a Delaware holding company. On that date she caused Bellevue, Inc. to be dissolved and liquidated. Upon its dissolution its assets were distributed in kind to its stockholders including…