Legal Opinion
Mountain State Steel Foundries, Inc., and v. Commissioner of Internal Revenue, And
Court of Appeals for the Fourth Circuit
Decided November 7, 1960No. 8059_1PublishedCited by 40 opinions
1Opinion of the Court
HAYNSWORTH, Circuit Judge.
Deficiences of income tax for the fiscal years 1951-1954 were asserted against this corporate taxpayer upon (1) the dis-allowance of deductions for interest paid upon notes given in part payment of the purchase price of the stock of dissident stockholders upon the ground that the stock purchase agreement impaired the capital of the corporation and was invalid under state law, and (2) the assessment ■of the penalty tax of § 102 of the 1939 Code, 26 U.S.C.A. § 102 upon the ground that by the redemption of the stock the corporation had been availed of for the purpose of…
2Cases cited21 opinions
- In re Fechheimer Fisher Co.Court of Appeals for the Second Circuit · 1914
- Pelton Steel Casting Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1958
- Topken, Loring & Schwartz, Inc. v. SchwartzNew York Court of Appeals · 1928
- Randall v. BaileyNew York Court of Appeals · 1942
- Richards v. Ernst Wiener Co.New York Court of Appeals · 1912
16 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Ramey v. Cincinnati Enquirer, Inc.Court of Appeals for the Sixth Circuit · 1974
- Faber Cement Block Co. v. CommissionerUnited States Tax Court · 1968
- In the Matter of the Trimble Company, a Corporation. William J. McMinn Samuel A. Robinson, Joseph A. Warren, Jr., and R. J. Mitchell, CreditorsCourt of Appeals for the Third Circuit · 1964
- In The Matter Of PooleCourt of Appeals for the Ninth Circuit · 1986
- In Re SPM Manufacturing Corp.United States Bankruptcy Court, D. Massachusetts · 1994
35 more not listed; retrieve them via the Exa API.