Gulf Oil Corp. v. LewellynAnnotate this Case
248 U.S. 71 (1918)
U.S. Supreme Court
Gulf Oil Corp. v. Lewellyn, 248 U.S. 71 (1918)
Gulf Oil Corporation v. Lewellyn
Argued November 4, 1918
Decided December 9, 1918
248 U.S. 71
Dividends of earnings by subsidiaries to a company holding all their stock and controlling them in conducting a single enterprise, the result of the transfer being merely that the main company became the holder of debt in the business, previously due from one subsidiary to another, held not taxable as income under the Income Tax Act of October 3, 1913, where the earnings were accumulated before the taxing year and had practically become capital. Southern Pacific Co. v. Lowe,247 U. S. 330.
245 F. 1 reversed.
The case is stated in the opinion.
Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.