Legal Opinion
Commissioner v. Old Colony R.
Court of Appeals for the First Circuit
Decided June 10, 1931No. 2515PublishedCited by 3 opinions
1Opinion of the Court
LOWELL, District Judge.
This is an appeal by the Commissioner of Internal Revenue from a decision of the Board of Tax Appeals. The suit concerns income taxes for the year 1921 which the Commissioner contends are due from the Old Colony Railroad Company.
In 1893 the Old Colony leased its railroad lines to the New York, New Haven & Hartford Railroad Company, under an arrangement whereby the New Haven was to operate the railroad and pay a certain rental, including all taxes. Between 1893 and 1904 the Old Colony issued long-term bonds, which were sold at premiums amounting to $199,528.08. It kept…
2Cases cited4 opinions
- Western Maryland Ry. Co. v. Com'r of Internal RevenueCourt of Appeals for the Fourth Circuit · 1929
- Baldwin Locomotive Works v. McCoachCourt of Appeals for the Third Circuit · 1915
- Chicago & Alton Railroad v. United StatesUnited States Court of Claims · 1917
- Commissioner of Internal Revenue v. Old Colony RRCourt of Appeals for the First Circuit · 1928
3Cited by3 opinions
- Commissioner of Internal Revenue v. Liberty Bank & Trust Co.Court of Appeals for the Sixth Circuit · 1932
- Commissioner of Internal Revenue v. Liberty Bank & Trust Co.Court of Appeals for the Sixth Circuit · 1932
- Medtox Scientific v. Morgan CapitalCourt of Appeals for the Eighth Circuit · 2001