Legal Opinion
Commissioner of Internal Revenue v. Groman
Court of Appeals for the Seventh Circuit
Decided November 30, 1936No. 5779PublishedCited by 2 opinions
1Opinion of the Court
EVANS, Circuit Judge.
The Commissioner appeals from a ruling of the Board which held that the stock under consideration, received by respondent, was not taxable to him as gain because received in the course of a reorganization.
The Facts. Respondent was a stockholder in the Metals Refining Company, an Indiana corporation. The Glidden Company is an Ohio corporation. On January 29, 1929, the Glidden Company and all the stockholders of Metals Company entered into an agreement whereby all the stock of the Metals Company was to be transferred to a third company (Metals Refining Co. of Ohio), an Ohio…
2Cases cited3 opinions
- Bus & Transport Securities Corp. v. Helvering, Commissioner of Internal RevenueSupreme Court of the United States · 1935
- G. & K. Manufacturing Co. v. HelveringSupreme Court of the United States · 1935
- Ballwood Co. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1936
3Cited by2 opinions
- United Light & Power Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1939
- Commissioner of Internal Revenue v. BashfordCourt of Appeals for the Third Circuit · 1937