Legal Opinion
The South Bay Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided May 19, 1965No. 342, Docket 29349PublishedCited by 39 opinions
1Opinion of the Court
DOOLING, District Judge:
The South Bay Corporation petitions to review a decision of the Tax Court that disposed of three issues all of which arose out of the 1951 condemnation of all petitioner’s water service properties and franchises by the Suffolk County Water Authority.
The Tax Court first decided that petitioner had acquired the properties of two water companies in 1925 in connection with reorganizations; that, in consequence, the properties had for petitioner the same basis that they had in the hands of the transferor corporations; and that, therefore, the gain petitioner realized when…
2Cases cited51 opinions
- Helvering v. HorstSupreme Court of the United States · 1940
- Helvering v. TaylorSupreme Court of the United States · 1935
- Lyeth v. HoeySupreme Court of the United States · 1938
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
46 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Ex Parte DuffyCourt of Criminal Appeals of Texas · 1980
- Leonard Greene and Joyce Greene v. United StatesCourt of Appeals for the Second Circuit · 1994
- King Enterprises, Inc. v. The United StatesUnited States Court of Claims · 1969
- Putoma Corp. v. CommissionerUnited States Tax Court · 1976
- Penrod v. CommissionerUnited States Tax Court · 1987
34 more not listed; retrieve them via the Exa API.