1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 234 F.Supp.
  5. 234 F.Supp. 317 (1964)
 

FENCO, INC. v. UNITED STATES

Civ. No. 14506.

234 F.Supp. 317 (1964)

FENCO, INC., a body corporate v. UNITED STATES of America.

United States District Court D. Maryland.

October 9, 1964.

Attorney(s) appearing for the Case

P. McEvoy Cromwell and William H. Gorman, II, Baltimore, Md. (Hilary W. Gans, Baltimore, Md., on the brief), for plaintiff.

John M. Hammerman and Moshe Schuldinger, Dept. of Justice, Washington, D. C. (Louis F. Oberdorfer, Asst. Atty. Gen., C. Moxley Featherston and David A. Wilson, Jr., Dept. of Justice, Washington, D. C., and Thomas J. Kenney, U. S. Atty., Baltimore, Md., on the brief), for defendant.

THOMSEN, Chief Judge.

This is an action to recover income taxes assessed and paid for the taxable years ended April 30, 1958 and April 30, 1959. The question at issue is whether the taxpayer, Fenco, Inc. (Fenco), was availed of during those years for the purpose of avoiding income tax with respect to its shareholders (particularly Foster T. Fenton, who with his wife owned 95% of its stock) by permitting earnings and profits to accumulate instead of being distributed...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases