(Download) "Barnsdall Refining Corp. v. Cushman-Wilson Oil Co." by United States Court of Appeals for the Eighth Circuit # Book PDF Kindle ePub Free
eBook details
- Title: Barnsdall Refining Corp. v. Cushman-Wilson Oil Co.
- Author : United States Court of Appeals for the Eighth Circuit
- Release Date : January 01, 1938
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 69 KB
Description
These cases raise the single question of whether taxpayers who exchanged certain shares of stock for other stock in 1929 and failed to report in that year as income the difference between the cost of the shares exchanged and the market value of the shares received, are precluded, in determining the gain on the sale of the stock in 1930, from using as a basis the market value of the stock when received in 1929. The Board of Tax Appeals decided that the taxpayers were not so precluded, and the Commissioner of Internal Revenue is here for review of that decision.