# Alabama-Georgia Syrup Co. v. Commissioner > United States Tax Court · July 31, 1961 · 36 T.C. 747 URL: https://www.frixlaw.com/law-library/cases/4479178 ## Case - **Full name:** Alabama-Georgia Syrup Company, 1 v. Commissioner of Internal Revenue - **Court:** United States Tax Court - **Decided:** July 31, 1961 - **Citations:** 36 T.C. 747; 1961 U.S. Tax Ct. LEXIS 101 - **Precedential status:** Published - **Opinion:** Dissent by Mulroney - **Judges:** Mulroney, Scott - **Cited by:** 18 later opinions in the Frix Law Library ## Citator (automated) - No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases. - Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4479178 ## Opinion text Mulroney, J., dissenting: If the deficiency in Issue 7 is being upheld on the ground of cancellation of an indebtedness I feel no more than one-half of the debt of $331,564.90 was forgiven. The computation in the complicated transaction whereby Alaga acquired Katherine’s stock shows one-half of the debt was subtracted from the admitted proper value of her stock. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4479178. Public record. Not legal advice.