Legal Opinion
Union Pac. R. v. Commissioner
Court of Appeals for the Second Circuit
Decided February 13, 1934No. 7PublishedCited by 3 opinions
1Opinion of the Court
SWAN, Circuit Judge.
The proceedings before the Board involved numerous controverted issues, of which only two have survived for review by this court. These two issues are entirely distinct. The one first to be considered relates to the taxpayer’s claimed deduction of a loss incurred upon an exchange of bonds in the year 1921. The deduction was disallowed by the Commissioner and by the Board. The amount of the tax involved is more than five hundred thousand dollars.
Prior to the exchange of bonds hereafter *68to be described, the petitioner (for convenience referred to as Union Pacific) owned all…
2Cases cited5 opinions
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- LaBelle Iron Works v. United StatesSupreme Court of the United States · 1921
- Western Maryland Ry. Co. v. Com'r of Internal RevenueCourt of Appeals for the Fourth Circuit · 1929
- Chicago, RI & P. Ry. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1931
- Commissioner of Internal Revenue v. Old Colony RRCourt of Appeals for the First Circuit · 1928
3Cited by3 opinions
- Commonwealth v. Gulf Oil Corp.Supreme Court of Pennsylvania · 1948
- Downer & Co., LLC v. STI Holding, Inc.Massachusetts Appeals Court · 2010
- Christian v. Texas Gas & Power Corp.District Court, N.D. Texas · 1952