Cornelius G. Noble and Pansy H. Noble v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a corporation could not deduct, and its sole shareholders must include in income, reimbursements paid to the shareholders for personal expenses
• shareholders' alteration of corporate records 2 years after payment was not sufficient to properly characterize payments as loan repayments
• corporate payment for repairs and painting of shareholder’s residence and for shareholder’s travel expenses
• corporate payment of shareholder's travel expenses

Source: CourtListener parenthetical corpus (CC0).