Court Opinion

ID: 9450234
Source: CourtListenerOpinion
Date Created: 2023-08-04 16:39:15.188818+00
Date Added: 2024-06-11T17:32:12.513420
License: Public Domain

HUTCHESON, Circuit Judge
(dissenting) .
This is an appeal from a judgment of Judge Dawkins in a taxpayer’s suit for refund. The judgment is based upon a careful opinion by Judge Dawkins, reported in 213 F.Supp. 457. I was, and am, of the opinion that we should affirm per curiam on that opinion.
The district court’s determination was that the transaction which gave rise to the litigation was a tax free exchange of property for stock within the meaning of Sec. 351(a) 1954 Code, and the attack of the appellant on the opinion and judgment largely turns on Louisiana law.
It seems to me that the district judge’s opinion is incontrovertible, that, the contentions of the appellant are technical and unsubstantial, and that the-majority opinion is not a correct statement of the law. I, therefore, dissent from it.