# General Manifold & Printing Co. v. Commissioner

> United States Board of Tax Appeals · June 7, 1928 · 12 B.T.A. 436

URL: https://www.frixlaw.com/law-library/cases/4488343

## Case

- **Full name:** GENERAL MANIFOLD & PRINTING CO., <emphasis typestyle="it">v.</emphasis> COMMISSIONER OF INTERNAL REVENUE
- **Court:** United States Board of Tax Appeals
- **Decided:** June 7, 1928
- **Citations:** 12 B.T.A. 436; 1928 BTA LEXIS 3528
- **Precedential status:** Published
- **Opinion:** Opinion of the court by Littleton
- **Judges:** Littleton
- **Cited by:** 0 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/4488343

## Opinion text

*438 OPINION.
Littleton :
The issue is whether the purchase by petitioner in 1921 of its own bonds at ⅞ price below the face value thereof resulted in taxable income.
In other similar cases the Board has considered the question here involved and held that such transaction did not result in taxable income and on the authority of those decisions, this question is decided in favor of petitioner. Independent Brewing Co., 4 B. T. A. 810; New Orleans, Texas & Mexico Ry. Co., 6 B. T. A. 436; Houston Belt & Terminal Ry. Co., 6 B. T. A. 1364; and National Sugar Manufacturing Co., 7 B. T. A. 677.
Judgment will be entered v/nder Bule 50.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4488343. Public record. Not legal advice.