[DOWNLOAD] "Sidney v. Commissioner of Internal Revenue" by United States Court Of Appeals Second Circuit # Book PDF Kindle ePub Free

eBook details

Title: Sidney v. Commissioner of Internal Revenue
Author : United States Court Of Appeals Second Circuit
Release Date : January 06, 1960
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 67 KB

Description

Taxpayers petitions seek review of a decision of the Tax Court upholding determinations of the Commissioner that certain distributions to taxpayers as stockholders in two corporations, Kew Terrace, Inc., and Kew Terrace No. 2 Corp., in 1950 and 1951 were taxable "as gain from the sale or exchange of property which is not a capital asset" under Â§ 117(m) relating to collapsible corporations, added to the Internal Revenue Code of 1939 on September 23, 1950, by Â§ 212 of the Revenue Act of 1950, Ch. 994, 64 Stat. 906, 26 U.S.C.A. Â§ 117(m). Some of the points advanced by the taxpayers have already been determined against them by this Court; others require a further expression of our views. Since we find these points also to be without merit, we affirm the judgment of the Tax Court.