Legal Opinion
Novo Trading Corp. v. Commissioner of Internal Rev.
Court of Appeals for the Second Circuit
Decided July 15, 1940No. 267PublishedCited by 37 opinions
1Opinion of the Court
SWAN, Circuit Judge.
The petitioner is a New York corporation formerly engaged in the business of dealing in furs. In September 1931 it began the process of winding up its affairs with a view to liquidation. By June 22, 1932 all its obligations had been paid and most of its physical assets disposed of. On that date its three stockholders, who were also its only officers and directors, entered into a formal written agreement which recited that they “have agreed to dissolve said corporation and liquidate its affairs” in the manner therein set forth. Contemporaneously with execution of the…
2Cases cited10 opinions
- Martin v. National Surety Co.Supreme Court of the United States · 1937
- Goodman v. NiblackSupreme Court of the United States · 1881
- Seaboard Air Line Railway v. United StatesSupreme Court of the United States · 1920
- Iowa Bridge Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1930
- Kingan & Co. v. United StatesUnited States Court of Claims · 1930
5 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Wood Harmon Corporation v. United StatesCourt of Appeals for the Second Circuit · 1963
- Gensinger v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1953
- Stonybrook Tenants Association, Inc. v. AlpertDistrict Court, D. Connecticut · 1961
- Thompson v. Commissioner of Internal Revenue. Couse v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1953
- Messer v. CommissionerUnited States Tax Court · 1969
32 more not listed; retrieve them via the Exa API.