Legal Opinion
Com'r of Internal Revenue v. Capento Securities Corp.
Court of Appeals for the First Circuit
Decided January 31, 1944No. 3897PublishedCited by 16 opinions
1Opinion of the Court
MAGRUDER, Circuit Judge.
This case involves the income and excess profits tax liability of the Capento Securities Corporation and of the Raytheon Production Corporation for the fiscal year ending May 31, 1936. The Commissioner ruled that Capento Securities Corporation had derived a taxable gain of $34,840 from an exchange of bonds for stock during the taxable year, and that Raytheon Production Corporation had derived a taxable gain of $450,000 from the same exchange, and accordingly determined the deficiencies in controversy. The Board of Tax Appeals disagreed with the Commissioner and decided…
2Cases cited6 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Dobson v. CommissionerSupreme Court of the United States · 1944
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
- Bass v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1942
1 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Claridge Apartments Co. v. CommissionerSupreme Court of the United States · 1944
- Lewis v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1949
- Scott Paper Co. v. CommissionerUnited States Tax Court · 1980
- The Columbia Gas System, Inc. v. United StatesCourt of Appeals for the Second Circuit · 1973
- Bethlehem Steel Corporation v. The United StatesUnited States Court of Claims · 1970
11 more not listed; retrieve them via the Exa API.