General Alloy Casting Company v. Commissioner of Internal Revenue

U.S. Court of Appeals for the Third Circuit June 7, 1965

General Alloy Casting Company v. Commissioner of Internal Revenue, 345 F.2d 794 (3d Cir. 1965)

15 A.F.T.R.2d (RIA) 1121; 1965 U.S. App. LEXIS 5325

Opinion

PER CURIAM.

The record in this case warrants the Tax Court’s determination that the contributions made to the taxpayer by its two principal stockholders were contributions to equity capital rather than true indebtedness. Since we perceive no error in the proceedings, the decision of the Tax Court will be affirmed.

Reference

Full Case Name: GENERAL ALLOY CASTING COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Cited By: 4 cases
Status: Published