Legal Opinion
Trinity Corp. v. Commissioner of Internal Revenue.
Court of Appeals for the Fifth Circuit
Decided April 21, 1942No. 10171PublishedCited by 9 opinions
1Opinion of the Court
PIOLMES, Circuit Judge.
This case involves income and excess-profits taxes of the petitioner, a Texas corporation, for the year 1937. The decision of the Board of Tax Appeals is reported in 44 B. T. A. 1219.
On December 1, 1937, petitioner’s principal asset was the Trinity Building in Fort Worth, Texas, which was constructed upon land leased for a ten-year period with an option to renew the lease for similar periods successively until 1987. All of petitioner’s stock (5,000 shares) had been *605acquired by the Commercial Standard Insurance Company in 1935 for $625,000.
By a series of transactions…
2Cases cited11 opinions
- Helvering v. Tex-Penn Oil Co.Supreme Court of the United States · 1937
- Elmhurst Cemetery Co. of Joliet v. CommissionerSupreme Court of the United States · 1937
- Commissioner of Internal Rev. v. Horseshoe L. SyndicateCourt of Appeals for the Fifth Circuit · 1940
- Wright v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1931
- Dorsey Co. v. CommissionerCourt of Appeals for the Fifth Circuit · 1935
6 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Universal Oil Products Co. v. Campbell (United States, Intervenor) (Two Cases)Court of Appeals for the Seventh Circuit · 1950
- Arc Realty Co. v. CommissionerCourt of Appeals for the Eighth Circuit · 1961
- Arc Realty Co. v. CommissionerUnited States Tax Court · 1960
- Melvin Mailloux and Abigail Mailloux, Robert R. Foley and Mary J. Foley v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1963
- C. G. Meaker Co. v. CommissionerUnited States Tax Court · 1951
4 more not listed; retrieve them via the Exa API.