Nicolson v. Commissioner
United States Tax Court
Petitioner's rights to subscribe at a bargain price to stock of his employer, given him in his capacity as an employee for the best interests of the company, held not to result in income on exercise of rights. Delbert B. Geeseman, 38 B. T. A. 258, followed.
1Opinion of the Court
Norman G. Nicolson, Petitioner, v. Commissioner of Internal Revenue, Respondent
Nicolson v. Commissioner
Docket No. 7555
United States Tax Court
13 T.C. 690; 1949 U.S. Tax Ct. LEXIS 51;
October 31, 1949, Promulgated
Decision will be entered under Rule 50.
Petitioner's rights to subscribe at a bargain price to stock of his employer, given him in his capacity as an employee for the best interests of the company, held not to result in income on exercise of rights. Delbert B. Geeseman, 38 B. T. A. 258, followed.
George E. H. Goodner, Esq., and Scott P. Crampton, Esq., for the petitioner.
Frank M.…
2Cases cited1 opinion
- Nicolson v. CommissionerUnited States Tax Court · 1949