Legal Opinion
Templeton's Jewelers, Inc. v. United States
Court of Appeals for the Sixth Circuit
Decided March 4, 1942No. 8713PublishedCited by 15 opinions
1Opinion of the Court
SIMONS, Circuit Judge.
The appellant sought to recover income and excess profits taxes paid by it for the fiscal years ending July 31, 1933 and July 31, 1934, on the ground that its acquisition of the assets of a predecessor corporation from an assignee for the benefit of creditors, was in pursuance of a plan of reorganization, by reason of which the basis for computing gains was the cost of the property to its predecessor rather than the price paid to the assignee. The District Court rejected this view and gave judgment for the defendant, D.C.Tenn., 32 F.Supp. 445.
The appellant acquired all…
2Cases cited10 opinions
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
- LeTulle v. ScofieldSupreme Court of the United States · 1940
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
- Palm Springs Holding Corp. v. CommissionerSupreme Court of the United States · 1942
5 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Muskegon Motor Specialties Co. v. Commissioner of Int. Rev.Court of Appeals for the Sixth Circuit · 1943
- Meyer v. United StatesUnited States Court of Claims · 1954
- Atlas Oil & Refining Corp. v. CommissionerUnited States Tax Court · 1961
- Goldstein Bros., Inc. v. CommissionerUnited States Tax Court · 1955
- Western Massachusetts Theatres, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1956
10 more not listed; retrieve them via the Exa API.