1. Home
  2. Browse Decisions
  3. F.2d
  4. 283 F.2d
  5. 283 F.2d 227 (1960)
 

HEMAN v. C. I. R.

Nos. 16504, 16505.

283 F.2d 227 (1960)

Genevra HEMAN, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent. Shelby L. HEMAN TRUST U/W, Genevra Heman and Mercantile Trust Company, Trustees, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Eighth Circuit.

October 25, 1960.

Attorney(s) appearing for the Case

John A. Joyce and James L. Sullivan, St. Louis, Mo., for petitioners.

Harry Marselli, Atty., Tax Division, Dept. of Justice, Washington, D. C., for respondent: Charles K. Rice, Asst. Atty. Gen., In Charge of Tax Division, Meyer Rothwacks and John J. Pajak, Attys., Dept. of Justice, Washington, D. C., on the brief.

Before JOHNSEN, Chief Judge, and VAN OOSTERHOUT and BLACKMUN, Circuit Judges.

VAN OOSTERHOUT, Circuit Judge.

The primary issue presented by these combined petitions for review of decisions of the Tax Court, timely filed by the taxpayers, is whether the cancellation of the indebtedness of Shelby L. Heman, deceased stockholder, to Trinidad Asphalt Manufacturing Company (Trinidad), a closely held corporation, for the redemption of his 250 shares of Trinidad non-cumulative preferred stock, is essentially equivalent to a taxable dividend within...

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