United States v. Phellis
United States v. Phellis, 257 U.S. 156, was a decision by the United States Supreme Court, which held that shares in a subsidiary corporation issued to stockholders in the parent corporation were taxable as income.
United States v. Phellis, 257 U.S. 156, was a decision by the United States Supreme Court, which held that shares in a subsidiary corporation issued to stockholders in the parent corporation were taxable as income.