Legal Opinion
Camp Wolters Enterprises, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided February 29, 1956No. 15453_1PublishedCited by 62 opinions
1Opinion of the Court
HUTCHESON, Chief Judge.
This appeal by the taxpayer from a decision and order 1 of the Tax Court, redetermining petitioner’s tax liability for the fiscal years ending March 31, 1948 and 1949, presents for our decision a single question, the correct basis for depreciation and gain or loss of certain contracts acquired by it in 1947 from its stockholders.
Urging upon us that the Tax Court’s decision is erroneous and may not stand, petitioner thus poses the question and states the answer:
“What was Petitioner’s basis for gain or loss, and depreciation, of the Camp Wolters’ buildings, equipment, and…
2Cases cited7 opinions
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Cortland Specialty Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
- John v. Rowan v. United StatesCourt of Appeals for the Fifth Circuit · 1955
- Sun Properties, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1955
- Moder v. United StatesSupreme Court of the United States · 1933
2 more not listed; retrieve them via the Exa API.
3Cited by62 opinions
- Fed. Sec. L. Rep. P 95,494 Great Western Bank & Trust v. Sol KotzCourt of Appeals for the Ninth Circuit · 1976
- Nassau Lens Co., Inc. v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Harry Pildes and Sarah PildesCourt of Appeals for the Second Circuit · 1962
- Aqualane Shores, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- Baker Commodities, Inc. v. CommissionerUnited States Tax Court · 1967
- Burr Oaks Corp. v. CommissionerUnited States Tax Court · 1965
57 more not listed; retrieve them via the Exa API.