Legal Opinion
First Sav. Bank of Ogden v. Burnet
Court of Appeals for the D.C. Circuit
Decided November 2, 1931No. 5189PublishedCited by 6 opinions
1Opinion of the Court
MARTIN, Chief Justice.
Appeal from a decision of the board involving income and profits taxes for the calendar years 1922 and 1923, reported in 17 B. T. A. 804.
The appellant is a Utah banking corporation. In September, 1922, it Rad among its assets 9,526 shares of common stock of the Amalgamated Sugar Company. This had been acquired at various times subsequent to 1913, at a total cost of $108,591.14, but at the times now in .question its total market value was only $36,196.80.
On September 30, 1922, the batik delivered the stock to certain trustees with authority to sell the same and divide the…
2Cases cited2 opinions
- Brewster v. GageSupreme Court of the United States · 1930
- Weiss v. WeinerSupreme Court of the United States · 1929
3Cited by6 opinions
- Wishon-Watson Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1933
- Commissioner of Internal Rev. v. Columbia Pacific S. Co.Court of Appeals for the Ninth Circuit · 1935
- W. G. Maguire & Co. v. CommissionerUnited States Tax Court · 1953
- Natural Gasoline Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1955
- W. G. Maguire & Co. v. CommissionerUnited States Tax Court · 1953
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