Legal Opinion
United Light & Power Co. v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided July 12, 1939No. 6890PublishedCited by 8 opinions
1Opinion of the Court
EVANS, Circuit Judge.
Did the taxpayer’s (petitioner herein) exchange of securities constitute a “statutory reorganization” so that the profits, realized therefrom were non-taxable? This is the question for our determination on this appeal.
The Board affirmed the Commissioner’s determination of a deficiency income tax of $1,076,314.40 for the year 1928. - There is no dispute as to the amount, if the Board’s determination of liability be sound.
The Parties. The United Light and Power Company, petitioner-taxpayer, filed a consolidated tax return for the year 1928, for itself and subsidiaries, one…
2Cases cited28 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Burnet v. Commonwealth Improvement Co.Supreme Court of the United States · 1932
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
- Groman v. CommissionerSupreme Court of the United States · 1937
23 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Commissioner of Internal Revenue v. American Light & Traction Co.Court of Appeals for the Seventh Circuit · 1942
- Interstate Transit Lines v. Commissioner of Int. Rev.Court of Appeals for the Eighth Circuit · 1942
- Anheuser-Busch, Inc. v. HelveringCourt of Appeals for the Eighth Circuit · 1940
- Maine Steel, Inc. v. United StatesDistrict Court, D. Maine · 1959
- Tennessee, Alabama & Georgia Ry. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1951
3 more not listed; retrieve them via the Exa API.