1. Home
  2. Browse Decisions
  3. F.2d
  4. 322 F.2d
  5. 322 F.2d 725 (1963)
 

DIAMOND BROS. COMPANY v. C. I. R.

No. 14280.

322 F.2d 725 (1963)

DIAMOND BROS. COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Third Circuit.

Decided September 24, 1963.

Attorney(s) appearing for the Case

Alan I. Baskin, Reading, Pa., for petitioner.

Morton K. Rothschild, Dept. of Justice, Washington, D. C. (Louis F. Oberdorfer, Asst. Atty. Gen., Lee A. Jackson, Attys., Dept. of Justice, Washington, D. C., on the brief), for respondent.

Before BIGGS, Chief Judge, and McLAUGHLIN and GANEY, Circuit Judges.

GANEY, Circuit Judge.

The question posed on this petition for review is whether advances by petitioner to Park Lane Furniture Mfg., Inc., (a corporation in which petitioner was a 50% stockholder) from October of 1953 through December of 1954 were loans or capital contributions. The Tax Court1 found that the advances were contributions to capital, and sustained the Commissioner of Internal Revenue's determination of income tax deficiency...

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