Murphy v. Commissioner

U.S. Tax Court

Murphy v. Commissioner

5 T.C.M. 1, 1946 Tax Ct. Memo LEXIS 300

CourtUnited States Tax Court

DecidedJanuary 3, 1946

DocketDocket No. 7148.

StatusUnpublished

This text of 5 T.C.M. 1 (Murphy v. Commissioner) is published on Counsel Stack Legal Research, covering United States Tax Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Murphy v. Commissioner, 5 T.C.M. 1, 1946 Tax Ct. Memo LEXIS 300 (tax 1946).

Pincite

Opinion

Vivien Dulany Murphy v. Commissioner.

Murphy v. Commissioner

Docket No. 7148.

United States Tax Court

1946 Tax Ct. Memo LEXIS 300; 5 T.C.M. (CCH) 1; T.C.M. (RIA) 46006;

January 3, 1946

*300 Benjamin Grund, C.P.A., for the petitioner. Scott A. Dahlquist, Esq., for the respondent.

MURDOCK

Memorandum Opinion

MURDOCK, Judge: The Commissioner determined a deficiency of $1,560.41 in income tax for 1941. The facts have been stipulated. The only issue is whether the petitioner received a taxable dividend from Louisiana Central Lumber Company when it distributed assets in kind. The Company had no earnings or profits accumulated after February 28, 1913 at the time of the distribution unless it realized a profit from this very distribution. The Commissioner concedes that the case is ruled by , affirmed , and similar cases, and by . We hold for the petitioner upon authority of those cases.

Decision will be entered under Rule 50.

Free access — add to your briefcase to read the full text and ask questions with AI

Vivien Dulany Murphy v. Commissioner.

Murphy v. Commissioner

Docket No. 7148.

United States Tax Court

1946 Tax Ct. Memo LEXIS 300; 5 T.C.M. (CCH) 1; T.C.M. (RIA) 46006;

January 3, 1946

*300 Benjamin Grund, C.P.A., for the petitioner. Scott A. Dahlquist, Esq., for the respondent.

MURDOCK

Memorandum Opinion

MURDOCK, Judge: The Commissioner determined a deficiency of $1,560.41 in income tax for 1941. The facts have been stipulated. The only issue is whether the petitioner received a taxable dividend from Louisiana Central Lumber Company when it distributed assets in kind. The Company had no earnings or profits accumulated after February 28, 1913 at the time of the distribution unless it realized a profit from this very distribution. The Commissioner concedes that the case is ruled by , affirmed , and similar cases, and by . We hold for the petitioner upon authority of those cases.

Decision will be entered under Rule 50.

Cite This Page — Counsel Stack

Bluebook (online)

5 T.C.M. 1, 1946 Tax Ct. Memo LEXIS 300, Counsel Stack Legal Research, https://law.counselstack.com/opinion/murphy-v-commissioner-tax-1946.