Legal Opinion
Warren Service Corp. v. Commissioner of Internal Rev.
Court of Appeals for the Second Circuit
Decided March 25, 1940No. 204PublishedCited by 24 opinions
1Opinion of the Court
SWAN, Circuit Judge.
In August 1926 Warren Service Corporation, as lessor, entered into an agreement of lease with Warren-Nash Motor Corporation, as lessee, by the terms of which the lessor was to acquire certain real estate, erect thereon a building of specialized design and lease the premises for a fifteen year term at an average annual net rental of $125,000. The land cost $300,000 and the cost of erecting the building was nearly $800,000 more. The taxpayer would not have made this investment had it not previously obtained the commitment of Warren-Nash Motor Corporation to' pay a relatively…
2Cases cited5 opinions
- Chesapeake & Ohio Railway Co. v. KellySupreme Court of the United States · 1916
- Virginia Iron Coal & Coke Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1938
- Hollwedel v. Duffy-Mott Co., Inc.New York Court of Appeals · 1933
- Commissioner of Internal Rev. v. Langwell Real Estate Corp.Court of Appeals for the Seventh Circuit · 1931
- Josey v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1939
3Cited by24 opinions
- Hort v. CommissionerSupreme Court of the United States · 1941
- Clinton Hotel Realty Corp. v. Com'r of Int. Rev.Court of Appeals for the Fifth Circuit · 1942
- Angelus Funeral Home v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1969
- Astor Holding Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1943
- Hirsch Improvement Co. v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1944
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