Pinellas Ice & Cold Storage Co. v. Commissioner

Supreme Court of the United States · Decided 1933-01-09

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From the opinion

Mr. Justice McReynolds delivered the opinion of the Court. Petitioner, a Florida corporation, made and sold ice at St. Petersburg. Substantially the same stockholders owned the Citizens Ice and Cold Storage Company, engaged in like business ,at the same place. In February, 1926, Lewis, general manager of both companies, began negotiations for the sale of the…

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