Legal Opinion
Reynolds Spring Co. v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided April 19, 1950No. 10945PublishedCited by 7 opinions
1Opinion of the Court
ALLEN, Circuit Judge.
• This appeal involves the, computation of equity invested capital for the purpose of excess profits tax under § 718, I.R.C., 26 U.S.C.A. Int.Rev.Acts, page 30, the pertinent part's of which are printed in the margin. 1
The Commissioner determined deficiencies of $44,437.50 for the taxable period January 1, 1940, to September 30, 1940, and $63,075.36 for the taxable year ended September 30, 1941. This determination was upheld by the Tax Court.
The facts, which are stipulated, are in substance as follows:
In 1924 petitioner acquired 6,438 shares, all of the outstanding common…
2Cases cited6 opinions
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- Securities & Exchange Commission v. C. M. Joiner Leasing Corp.Supreme Court of the United States · 1943
- LaBelle Iron Works v. United StatesSupreme Court of the United States · 1921
- Commissioner v. WheelerSupreme Court of the United States · 1945
- R. D. Merrill Co. v. CommissionerUnited States Tax Court · 1945
1 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Commissioner of Internal Revenue v. Godley's EstateCourt of Appeals for the Third Circuit · 1954
- Union Pacific Railroad Company v. The United StatesUnited States Court of Claims · 1968
- Charles Leich & Co. v. United StatesCourt of Appeals for the Seventh Circuit · 1954
- W. G. Maguire & Co. v. CommissionerUnited States Tax Court · 1953
- Stone & Webster, Incorporated v. Rea Forhan Pedrick, as Administratrix of the Estate of William J. Pedrick, DeceasedCourt of Appeals for the Second Circuit · 1951
2 more not listed; retrieve them via the Exa API.