Legal Opinion
Kentucky & Indiana Terminal Railroad Company v. United States
Court of Appeals for the Sixth Circuit
Decided April 7, 1964No. 15208_1PublishedCited by 9 opinions
1Opinion of the Court
FREEMAN, District Judge.
In 1911, the Kentucky & Indiana Terminal Railroad Company, plaintiif-appellee herein, sold an issue of gold sterling bonds secured by a mortgage on its properties, to mature in 1961. These bonds were sold for English pounds sterling, were payable in pounds sterling, and each bond had a par value of 100 pounds. For each pound of the sales price of the bonds, the plaintiff received $4.8666, the dollar value of the pound in 1911, and set up its obligation accordingly in dollars on its books. In 1916 and 1917, all except 3925 of such bonds then outstanding were stamped…
2Cases cited11 opinions
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Commissioner v. JacobsonSupreme Court of the United States · 1949
- Bennett's Travel Bureau, Inc. v. CommissionerUnited States Tax Court · 1957
- Willard Helburn, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1954
- America-Southeast Asia Co. v. CommissionerUnited States Tax Court · 1956
6 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- National-Standard Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1984
- John A. Gillin v. The United StatesUnited States Court of Claims · 1970
- Philip Morris Inc. v. CommissionerUnited States Tax Court · 1995
- Polkinhorn v. United StatesDistrict Court, District of Columbia · 1968
- John A. Gillin v. The United StatesUnited States Court of Claims · 1970
4 more not listed; retrieve them via the Exa API.