Commissioner v. Smith
Annotate this Case
324 U.S. 695 (1945)
- Syllabus |
U.S. Supreme Court
Commissioner v. Smith, 324 U.S. 695 (1945)
Commissioner of Internal Revenue v. Smith
Decided April 9, 1945
324 U.S. 695
The conclusion of the Tax Court upon the facts of this case that the option to purchase stock was effectively exercised and taxable compensation was received, not when the optionee made his election and paid the option price, but when the shares were delivered to him, is supported by the record. P. 324 U. S. 696.
On petition for rehearing of Commissioner v. Smith, 324 U. S. 177.