[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 § 117(m) relating to collapsible corporations, added to the Internal Revenue Code of 1939 on September 23, 1950, by § 212 of the Revenue Act of 1950, Ch. 994, 64 Stat. 906, 26 U.S.C.A. § 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.