(DOWNLOAD) "Morainville v. Commissioner of Internal Revenue." by United States Court Of Appeals For The Sixth Circuit ~ eBook PDF Kindle ePub Free

eBook details

Title: Morainville v. Commissioner of Internal Revenue.
Author : United States Court Of Appeals For The Sixth Circuit
Release Date : January 07, 1943
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 67 KB

Description

The question presented on this appeal is whether a transaction, whereby, on a recapitalization, a stockholder received shares of preferred stock representing accumulated unpaid dividends, was tax free under 112 of the Internal Revenue code, Title 26, 112, U.S.C.A., Int. Rev. Code. It is not questioned that there was a recapitalization, and that this was a statutory reorganization as provided in 112(g)(1)(D), Revenue Act of 1936. The Board of Tax Appeals (now the Tax Court of the United States) held that the transaction was taxable.