Court of Appeals for the Second Circuit March 15, 1957, 50, Docket 23880 (Joseph Verner Reed and Permelia P. Reed v. Commissioner of Internal Revenue)

PER CURIAM

, , .. . , The advances made by the taxpayer to ,, , ,. the two corporations m which he was the , . , t ,, ,, . „ dominant stockholder were m the form of loans and in all respects carried as such on the books of the corporations, Yet we are satisfied that on the evidence the Tax Court was warranted in finding that the advances were in fact not loans but capital contributions.