Legal Opinion
Midland-Ross Corp. v. United States
District Court, N.D. Ohio
Decided March 11, 1963No. Civ. A. No. 36611PublishedCited by 6 opinions
1Opinion of the Court
KALBFLEISCH, District Judge.
This is a suit to recover income and excess profits taxes for the years 1952, 1953 and 1954. The taxpayer is the Midland-Ross Corporation, successor in interest to the Industrial Rayon Corporation. During the period in question, for the purpose of temporarily investing funds not then currently required for its operation, the taxpayer purchased thirteen notes, the face amounts of which varied from $500,000 to $2,000,000. These notes bore no interest, but rather were purchased at a discount by the taxpayer from the maker. Each of the notes was a time instrument.
Before…
2Cases cited19 opinions
- Fairbanks v. United StatesSupreme Court of the United States · 1939
- Goodstein v. CommissionerUnited States Tax Court · 1958
- Stanton v. CommissionerUnited States Tax Court · 1960
- Fisher v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1954
- Commissioner of Internal Revenue v. CaulkinsCourt of Appeals for the Sixth Circuit · 1944
14 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- United States v. Midland-Ross Corp.Supreme Court of the United States · 1965
- Dixon v. United StatesDistrict Court, S.D. New York · 1963
- Dixon v. United StatesCourt of Appeals for the Second Circuit · 1964
- Real Estate Investment Trust of America v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1964
- Dixon v. United StatesCourt of Appeals for the Second Circuit · 1964
1 more not listed; retrieve them via the Exa API.