1. Home
  2. Browse Decisions
  3. F.2d
  4. 193 F.2d
  5. 193 F.2d 734 (1952)
 

COMMISSIONER OF INTERNAL REVENUE v. ARROWSMITH

Nos. 78, 79, Dockets 22077, 22078.

193 F.2d 734 (1952)

COMMISSIONER OF INTERNAL REVENUE v. ARROWSMITH et al. COMMISSIONER OF INTERNAL REVENUE v. VIVIAN.

United States Court of Appeals Second Circuit.

Decided January 10, 1952.

Attorney(s) appearing for the Case

Theron Lamar Caudle, Ellis N. Slack, Helen Goodner and Edward J. P. Zimmerman, Washington, D. C. (argued by Morton K. Rothschild, Washington, D. C.), for petitioner.

George R. Sherriff, New York City, for respondents.

Before CHASE, CLARK and FRANK, Circuit Judges.

FRANK, Circuit Judge.

The liabilities which, in 1944, the taxpayers incurred under the judgment and paid, were directly related to — and would not have existed except for — the capital distributions made by the corporation to those taxpayers in earlier years. Those liabilities, in other words, represent "merely diminution in the capital gain received on the distribution" theretofore made.1 The two are tied together, and therefore...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases