Legal Opinion
Fox River Paper Corporation v. United States
Court of Appeals for the Seventh Circuit
Decided January 23, 1948No. 9267PublishedCited by 18 opinions
1Opinion of the Court
MINTON, Circuit Judge.
In 1938 the plaintiff-appellant, Fox River Paper Corporation, hereafter referred to as the taxpayer, purchased a paper mill from the Fox River Paper Company, hereafter referred to as the old company, for $1,250,000 in cash and all of the taxpayer’s authorized preferred stock, consisting of 5,000 shares of a par value of $100 each. In its Federal income tax returns for 1939 and 1940 the taxpayer claimed depreciation on a valuation of $1,750,000 on the paper mill buildings, machinery, equipment, and other fixed assets acquired from the old company. In auditing the…
2Cases cited8 opinions
- The ConquerorSupreme Court of the United States · 1897
- Head v. HargraveSupreme Court of the United States · 1882
- Sinclair Refining Co. v. Jenkins Petroleum Process Co.Supreme Court of the United States · 1933
- Dayton Power & Light Co. v. Public Utilities CommissionSupreme Court of the United States · 1934
- Tracy v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1931
3 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- George Lee Mims, Sr. v. United StatesCourt of Appeals for the Fifth Circuit · 1967
- Chester D. Tripp, Chester D. Tripp, Surviving Spouse Etc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1964
- Milbrew, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1983
- Rupple v. KuhlCourt of Appeals for the Seventh Circuit · 1949
- Caracci v. C.I.R.Court of Appeals for the Fifth Circuit · 2006
13 more not listed; retrieve them via the Exa API.