WILLIAM N. GURTMAN AND IDA GURTMAN, HIS WIFE, APPELLANTS,
v.
UNITED STATES OF AMERICA
WILLIAM N. GURTMAN AND IDA GURTMAN, HIS WIFE, APPELLANTS,
UNITED STATES OF AMERICA
353 F.2d 212
United States Court of Appeals for the Third Circuit (1965)
Positive Treatment
Cited by 3 cases
Opinion of the Court
PER CURIAM:
This appeal has been taken from a district court judgment for the government in a suit by taxpayers to recover an alleged overpayment of income tax. The decision below was based upon essentially factual findings that certain informal withdrawals of money from a corporation by its sole stockholder were not loans and had been properly taxed as dividends.
There is no dispute about the legal concept of loan. And we are satisfied that the circumstances and conduct tending to indicate the absence of obligation to repay the sums withdrawn were sufficient in this case to justify the conclusion reached by the trial court.
The judgment will be affirmed.
Cases With Similar Vibessemantic neighbors from the corpus
Citator
Cited By
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Berthold v. Commissioner OF Internal Revenue, 404 F.2d 119 (6th Cir. 1968)
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Est. of John R. Taschler v. United States, 440 F.2d 72 (3d Cir. 1971)
-
Bayou Verret Land Co., Inc. v. Commissioner OF Internal Revenue, 450 F.2d 850 (5th Cir. 1971)