Legal Opinion
Simonsen Industries, Inc., Edward H. Simonsen and Ethel G. Simonsen v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided April 22, 1957No. 11904PublishedCited by 9 opinions
1Opinion of the Court
LINDLEY, Circuit Judge.
In 1946 the taxpayers, with others, entered into an agreement whereby they became joint participants in the Simon-sen Wire Syndicate, for the purpose of acquiring, financing and marketing certain surplus war stocks of wire from the War Assets Corporation. Believing that this merchandise could be bought and sold at a profit, between May and November, 1946, the syndicate purchased property from the Government with the object of reselling it, in 57 separate transactions, including 37 different kinds and sizes of wire, totaling some 1,500,000 pounds, at a total cost of…
2Cases cited9 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Higgins v. CommissionerSupreme Court of the United States · 1941
- Boehm v. CommissionerSupreme Court of the United States · 1945
4 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Walter H. Kaltreider and Irene C. Kaltreider v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
- Raymond Bauschard v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1960
- Groetzinger v. CommissionerUnited States Tax Court · 1984
- Pool v. CommissionerCourt of Appeals for the Ninth Circuit · 1957
- John W. Kelley and Bette C. Kelley v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1960
4 more not listed; retrieve them via the Exa API.