GENERAL ALLOY CASTING COMPANY, PETITIONER,
v.
COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

3d Cir. | 1965-06-07
No. 15165
345 F.2d 794 United States Court of Appeals for the Third Circuit (1965) Positive Treatment
Cited by 2 cases

Opinion of the Court
PER CURIAM.

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.


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