US SUPREME COURT DECISIONS
COMMISSIONER V. SMITH, 324 U. S. 695 (1945)
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Commissioner v. Smith, 324 U.S. 695 (1945)
Commissioner of Internal Revenue v. Smith
No. 371
Decided April 9, 1945
324 U.S. 695
Syllabus
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.
Rehearing denied.
On petition for rehearing of Commissioner v. Smith, 324 U. S. 177.
