COMM'R v. COURT HOLDING CO.

No. 581.

324 U.S. 331 (1945)

COMMISSIONER OF INTERNAL REVENUE v. COURT HOLDING CO.

Supreme Court of United States.

Decided March 12, 1945.


Attorney(s) appearing for the Case

Assistant Attorney General Samuel O. Clark, Jr., with whom Solicitor General Fahy, Messrs. Sewall Key, Harry Baum, and Miss Helen R. Carloss were on the brief, for petitioner.

Mr. Maurice Kay, with whom Mr. Charles M. Trammell was on the brief, for respondent.


MR. JUSTICE BLACK delivered the opinion of the Court.

An apartment house, which was the sole asset of the respondent corporation, was transferred in the form of a liquidating dividend to the corporation's two shareholders. They in turn formally conveyed it to a purchaser who had originally negotiated for the purchase from the corporation. The question is whether the Circuit Court of Appeals properly reversed1 the Tax Court's conclusion...

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