Legal Opinion
Garland Coal & Mining Co. v. Helvering
Court of Appeals for the D.C. Circuit
Decided January 14, 1935No. 6233PublishedCited by 6 opinions
1Opinion of the Court
GRONER, Associate Justice.
Petitioner is a Delaware corporation. In 1926 it issued $175,000 of bonds secured- by a mortgage upon its properties located in Arkansas and Oklahoma. The entire issue was sold at par. A part of the bonds were designated A and a part B bonds.
On January 1, 1928, $60,000 of A bonds and $100,000 of B bonds were outstanding. During that year petitioner “acquired $100,-000 principal amount of B bonds by purchase at a cost of $47,039.80. The B bonds were all acquired in one transaction and the purchase price was a lump sum for the lot. The petitioner held these bonds in…
2Cases cited4 opinions
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Ketchum v. DuncanSupreme Court of the United States · 1878
- Virginia Securities Corporation v. Patrick OrchardsCourt of Appeals for the Fourth Circuit · 1927
- Hall Building Corp. v. EdwardsSupreme Court of Virginia · 1925
3Cited by6 opinions
- Central Paper Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1946
- Commissioner of Int. Rev. v. Pittsburgh & WV Ry. Co.Court of Appeals for the Third Circuit · 1949
- Transylvania R. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1938
- Tennessee Consolidated Coal Co. v. CommissionerCourt of Appeals for the Sixth Circuit · 1944
- American Brake Shoe & Foundry Co. v. Interborough Rapid Transit Co.District Court, S.D. New York · 1936
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