Court Opinion

ID: 9644501
Source: CourtListenerOpinion
Date Created: 2023-08-22 20:57:50.913585+00
Date Added: 2024-06-11T18:11:14.231399
License: Public Domain

McCORD, Circuit Judge
(dissenting).
I do not agree that the method resorted to by the respondent to achieve liquidation of the holding company was a tax free merger or reorganization within the meaning of Section 112(b) (3) of the Revenue Act of 1934, c. 277, 48 Stat. 680. For the reasons stated in the dissent to the majority opinion of the Board, Gilmore v. Commissioner of Internal Revenue, 44 B.T.A. 881, I respectfully dissent to affirmance of the Board’s decision.

 Gregory v. Helvering, .293 U.S. 465, 55 S.Ct. 266, 79 L.Ed. 596, 97 A.L.R. 1355.