BUFFINGTON, Circuit Judge.
While the record in this income tax appeal is large and the facts involved, yet in the final analysis the case resolves itself into a narrow question. The controlling stockholders of the Trafford Oil & Gas Company, a Pennsylvania corporation, the appellant taxpayer, desired to sell certain of its assets. To effectuate such purpose, three of its directors, Wynn, Starr, and Carson, who were large stockholders, but who had no authorization...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
