Legal Opinion
Bassick v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided July 6, 1936No. 35, 36PublishedCited by 39 opinions
1Opinion of the Court
MANTON, Circuit Judge.
These two petitions are similar, and will £¡e considered in one opinion,
Deficiencies were charged against the respective petitioners for their income tax returns for 1923. The issue is whether the provisions of section 202 of the Revenue Act of 1921, c. 136, 42 Stat. 227, 229, require that a gain shall be recognized on a transaction in 1923 whereby the petitioners secured in exchange for common stock of the Bassick Company cash bonds, and promissory notes admittedly-the equivalent of cash, and certificates of deposit and voting trust certificates representing shares of…
2Cases cited9 opinions
- Helvering v. RankinSupreme Court of the United States · 1935
- Old Mission Portland Cement Co. v. HelveringSupreme Court of the United States · 1934
- West Texas Refining & D. Co. v. Commissioner of Int. Rev.Court of Appeals for the Tenth Circuit · 1933
- Prairie Oil & Gas Co. v. MotterCourt of Appeals for the Tenth Circuit · 1933
- Ahles Realty Corp. v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1934
4 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Hazeltine Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1937
- Portland Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1940
- The South Bay Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1965
- Wilgard Realty Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1942
- Budd International Corp. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1944
34 more not listed; retrieve them via the Exa API.