Legal Opinion
National Bulk Carriers, Inc. v. United States
District Court, D. Delaware
Decided February 5, 1963No. Civ. A. No. 2010PublishedCited by 4 opinions
1Opinion of the Court
CALEB M. WRIGHT, Chief Judge.
This is a timely suit for tax refund. The question presented is the proper basis for depreciation and for the computation of gain in the sale of certain vessels purchased by the plaintiff, National Bulk Carriers, from the United States Maritime Commission. The facts are stipulated and the relevant ones may be summarized as follows:
On October 6,1944, plaintiff purchased the seagoing tank vessels “Phoenix” and “Nashbulk” from the United States Maritime Commission, and on May 24, 1945, purchased the seagoing tank vessel “Amtank”. These purchases were made pursuant to…
2Cases cited16 opinions
- National Labor Relations Board v. Hearst Publications, Inc.Supreme Court of the United States · 1944
- Ex Parte CollettSupreme Court of the United States · 1949
- Detroit Edison Co. v. CommissionerSupreme Court of the United States · 1943
- ICC v. ParkerSupreme Court of the United States · 1945
- United States v. RiceSupreme Court of the United States · 1946
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3Cited by4 opinions
- Moore-McCormack Lines, Inc. v. CommissionerUnited States Tax Court · 1965
- United States v. Waterman Steamship CorporationCourt of Appeals for the Fifth Circuit · 1964
- National Bulk Carriers, Inc. v. United States of America. National Bulk Carriers, Inc. v. United StatesCourt of Appeals for the Third Circuit · 1964
- Moore-McCormack Lines, Inc. v. CommissionerUnited States Tax Court · 1965