Legal Opinion
Commissioner v. Phipps
Court of Appeals for the Tenth Circuit
Decided March 10, 1948No. 3542PublishedCited by 7 opinions
1Opinion of the Court
BRATTON, Circuit Judge.
This proceeding is here on petition to review a decision of the Tax Court. Margaret R. Phipps, hereinafter referred to as the taxpayer, owned certain shares of preferred stock issued by Nevada-California Electric Corporation. On or about December 1, 1936, Nevada-California Electric Corporation, hereinafter referred to as the parent company, liquidated five wholly owned subsidiary corporations and took over their assets in complete cancellation and redemption of all of their outstanding capital stock. No gain or loss was recognized for income tax purposes on the…
2Cases cited13 opinions
- Commissioner v. WheelerSupreme Court of the United States · 1945
- Commissioner of Internal Revenue v. SansomeCourt of Appeals for the Second Circuit · 1932
- Commissioner v. MunterSupreme Court of the United States · 1947
- Georday Enterprises v. Commissioner of Internal Rev.Court of Appeals for the Fourth Circuit · 1942
- Harter v. HelveringCourt of Appeals for the Second Circuit · 1935
8 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Commissioner v. PhippsSupreme Court of the United States · 1949
- Frelbro Corp. v. CommissionerUnited States Tax Court · 1961
- United States v. El Pomar Investment CompanyCourt of Appeals for the Tenth Circuit · 1964
- Stratton Grain Co. v. ReisimerDistrict Court, E.D. Wisconsin · 1958
- Stratton Grain Co. v. ReisimerCourt of Appeals for the Seventh Circuit · 1959
2 more not listed; retrieve them via the Exa API.