COMMISSIONER OF INTERNAL REVENUE v. KAHN

No. 9124.

133 F.2d 199 (1942)

COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. Margaret KAHN, Respondent.

Circuit Court of Appeals, Sixth Circuit.

December 1, 1942.


Attorney(s) appearing for the Case

Samuel O. Clark, Jr., J. P. Wenchel, Sewall Key, Claude R. Marshall, J. Louis Monarch and Morton K. Rothschild, all of Washington, D. C., for petitioner.

William Gresser, of New York City, for respondent.

Truman Henson, of New York City, amicus curiae.

Before HICKS, SIMONS, and ALLEN, Circuit Judges.


PER CURIAM.

From a decision of the Board of Tax Appeals holding that the respondent, by surrendering her stock in the Truscon Steel Company and receiving in exchange stock of the Republic Steel Company, which she subsequently sold, acquired the stock through a non-taxable reorganization notwithstanding the intermediate holding of the stock by Truscon Holding Company, the respondent appeals.

Accepting the finding of the Board that the intermediate step was...

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