Legal Opinion
Commonwealth v. ACF Industries, Inc.
Supreme Court of Pennsylvania
Decided November 12, 1970No. Appeal, 36PublishedCited by 35 opinions
1Opinion of the Court
Opinion by
Mb. Justice Cohen,
This is an appeal by ACF Industries, Incorporated (ACF), from a settlement of its corporate net income tax for the fiscal year ended April 30, 1962. The sole question is whether it must include the gain on the sale of certain securities in the income reported by it to the Commonwealth of Pennsylvania (Commonwealth) for that year.
ACF is a New Jersey corporation with its headquarters in New York City. It is registered to do business in Pennsylvania. During the year in question, its activities in Pennsylvania included the manufacture of railroad and tank cars, the…
2Cases cited10 opinions
- Commonwealth v. Columbia Gas & Electric Corp.Supreme Court of Pennsylvania · 1939
- Commonwealth v. Ford Motor Co.Supreme Court of Pennsylvania · 1944
- Commonwealth v. the Mundy Corp.Supreme Court of Pennsylvania · 1943
- Superior Oil Co. v. Franchise Tax BoardCalifornia Supreme Court · 1963
- Commonwealth v. Quaker Oats Co.Supreme Court of Pennsylvania · 1944
5 more not listed; retrieve them via the Exa API.
3Cited by35 opinions
- Container Corp. of America v. Franchise Tax BoardSupreme Court of the United States · 1983
- Earth Resources Co. of Alaska v. State, Department of RevenueAlaska Supreme Court · 1983
- Laurel Pipe Line Co. v. CommonwealthSupreme Court of Pennsylvania · 1994
- Champion International Corp. v. Bureau of RevenueNew Mexico Court of Appeals · 1975
- W. R. Grace & Co. v. Commissioner of RevenueMassachusetts Supreme Judicial Court · 1979
30 more not listed; retrieve them via the Exa API.